You are investing money in an account earning 7.5% annual interest, compounded continuously. How long will it take to double your investment? Round your answer to the nearest tenth of a year. It will take years to double your investment.

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given that Invested amount=$3500 Interest compounded continuously =2.75% Time=6 years To find  How…

Q: Assume that there are no deposits or withdrawals An initial investment of $6,000 earns 8.7%…

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Q: How long (in years) would $600 have to be invested at 11.8%, compounded continuously, to earn $300…

A: Given Principle amount, P=$600 Rate of interest, r=11.8% Interest to be earned=$300 To evaluate the…

Q: Nadav invests $6,000 in an account that earns 5% interest compounded continuously. What is the total…

A: Topic = Algebra

Q: If you need $40,000 in your bank account in 8 years, how much must be deposited now? The interest…

A: For compounded continuously P=P0ert where, P0= initial depositr=interest rate=12%=0.12t=time…

Q: An investor wants to analyze the earnings of a mutual fund account. Seven years ago, the value of…

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Q: Avery invested $21,000 in an account paying an interest rate of 3.3% compounded continuously.…

A: GIVEN Principal , P = $21000\ Amount , A = 29200 Rate , r = 3.3% = 0.033 For continuously…

Q: how long (in years) would $700 have to be invested at 11.6%, compounded continuously to earn $400…

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Q: Second National Bank offers an account that earns 4.70% per year, compounded continuously. If a…

A: When annual interest is compounded continuously;         P(n)= P0*(er*n) where, P(n)= value at time…

Q: What rate of interest compounded annually is required to double an investment in 4 years? The rate…

A: Formula used:The simply annual compound interest formula

Q: If you need $20,000 in your bank account in 6 years, how much must be deposited now? The interest…

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Q: How long (in years) would $600 have to be invested at 11.9%, compounded continuously, to earn $400…

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Q: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

Q: If $4000 is invested at an interest rate of 6.25% per year, compounded continuously, find the value…

A: Given: If $4000 is invested at an interest rate of 6.25% per year, compounded continuously The…

Q: how long (in  years) would $500 have to invest at 8%, compounded continuously, to amount to $925?(…

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Q: If money is invested in an account earning 3.15% annual interest that is compounded continuously,…

A: Apply the compounded continuously formula, FV=Pert When future value (FV) gets double from the…

Q: Tessa invests $5600 in a new savings account which earns 3.9% annual interest, compounded…

A: From the given data:

Q: Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded…

A: We know that formula for compound interest is Given:  A=3×Principal balance = $126000 P=$42,000;…

Q: How long (in years) will it take $4,000 to grow to $6,000 if the investment earns interest at the…

A: Given, Initial Value P=$4000 Future Value A=$6000 Rate of interest r=3%=0.03 compounded monthly Time…

Q: Suppose you have $15000 to invest. Which of the two rate would yield the larger amount in 3 years.…

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Q: How long will it take to double your money if it is invested at a fixed interest rate of 5%…

A: Given rate of interest, r = 5%Using A = P1 + r100nWhere P : Princpal          A : Amount          N…

Q: How long will it take for the value of an account to be $890 if $350 is deposited at 11% interest…

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Q: You have an investment of $22,400.00 that you want to double in 11 years. If interest is compounded…

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Q: How much money should be invested in an account that earns 3% interest, compounded monthly, in order…

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Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…

A: We have to find the difference between the amount received by Matthew and Peyton.

Q: How long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of…

A: We have to find how many years will it take  $10,000 to grow to $12,000 if the investment earns…

Q: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

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Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: Given :          $12,000 to grow to $15,000 the investment earns interest at the rate of 4%/year…

Q: How long (in years) would $300 have to be invested at 9%, compounded continuously, to amount to…

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Q: How long will it take for an investment to double in value if it earns 86​% compounded​…

A: It is given that, the interest rate is 86%.   The objective is to calculate the time in years to for…

Q: How long will it take for $1, 000 to be worth $2, 500 at 9 % interest, compounded continuously?…

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Q: Second National Bank offers an account that earns 3.86% per year, compounded continuously. If a…

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Q: How long (in years) would $600 have to be invested at 11.7%, compounded continuously, to earn $400…

A: Given,  Initial amount= P= 600  Interest amount= 400 So, final amount= A= 600+400=1000 Interest…

Q: Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Given Future value =7500 r= 0.085 t=10 years

Q: Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 15…

A: Use compound interest formula.

Q: Brayden now has $2,500 in her CD, which has compounded continuously over a period of 12 years. She…

A: Given: Principle amount: (P)=$1,800  Amount after 12 years A=$2,500 Rate of interest=? The formula…

Q: If you invest $1200 in an account paying 9% compounded continuously, how much money will be in the…

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Q: How long will it take for an investment to​ triple, if interest is compounded continuously at 6​%?…

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Q: How much money should be invested in an account that earns 9% interest, compounded monthly, in order…

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Q: April invested $7500 into a continuously compounded account with an interest rate of 2.7% for 2…

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Q: How long would it take for $400 to grow to $2900 if the interest is 6%, compounded quarterly? Round…

A: use the formula A=P1+rnnt since, the interest is compounded quarterly, take n=4 2900=4001+0.0644t…

Q: How much is in an account after 10 years if $1000 is invested at an interest rate of 2.4%/year…

A: (a)Given:

Q: Rochelle deposits $4,000 in an IRA. What will be the value (in dollars) of her investment in 25…

A: We can make it easier for you

Q: How long (in years) would $700 have to be invested at 11.3%, compounded continuously, to earn $300…

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Q: Joshua invested $99,000 in an account paying an interest rate of 4,% compounded continuously.…

A: Given Joshua invested $99,000 in an account paying an interest rate of 412% compounded continously…

Q: Diego deposited a certain sum of money in a bank 3 years ago. If the bank had been paying interest…

A: For continuous compounding:       A = Per*t P =  initial deposit to the account  A = Accumulated…

Q: How long would it take $8,000 to grow to $32,000 at 6​% compounded​ continuously? Round your answer…

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Q: Steve invests $1,800 in an account that earns 3.7% annual interest, compounded continuously. What is…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: Suppose that you invest $8,000 at 8% interest compounded continuously. How much money will be in…

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