36. (a) How long does it take for an investment to triple in value if it is invested at 6% compounded monthly? (b) How long does it take if the interest is compounded continuously?

Q: The value of a car is decreasing by 1.5% per month. Suppose depreciation continues at this rate. (a)…

A: r=-1.5% suppose purchase price =p time ,when car price=p/2

Q: how long will take for an investment to double in value if the interest rate 3% APR compounded…

A: We have A(t) = 2A(0) and r = 3% = 0.03

Q: shirt factory has just installed a boiler that will last for 35 years.  It is expected that there…

A:

Q: How many years will it take an investment todouble if the interest rate is 8.4% compounded at…

A: We have given the interest of an investment; r= 8.4%=0.084 Since the investment have to be doubled;…

Q: What rate of interest compounded annually is required to double an investment in 3 years?

A: Consider the principal is "p". Then the amount is given as A=2P. The time is t=3 years. The…

Q: 19) An investment of $5000 grows to a value of $7500 in 4 years. What is the interest rate of the…

A: Finding the rate of interest

Q: 27. How long will it take money to double if it invested at 6% compounded monthly? 9% compounded…

A: If P=initial investment, r = interest rate compounded monthly  and A= amount after t years , then we…

Q: An investment grew by 4% in the first year, 6% in the second year and 10% in the third year with…

A: Annual average growth rate is calculated as sum of each year growth rate divided by the number of…

Q: find the accumulated amount after 3 years on an investment of 5000 earnings an interest rate of 5%…

A: given query is to find accumulated amount.

Q: 7. A $7,000 investment earns 9% interest, compounded continuously. Find its value after 3 years.

A:

Q: How long (in days)do you need to invest your money in an account earning an annual interest rate of…

A: Given: Interest rate r=2.248% =2.248100=0.02248           let initial amount be P Given the initial…

Q: 10.A savings bond offers interest at a rate of 6.0%, compounded monthly. Suppose that an $8000 bond…

A: We are given a savings bond, so here we can use the formula Amount = Principal1+rnnt

Q: t what monthly compounded interest rate does it take five years for an investment to quadruple?

A: Compound interest formula is given by    A = P(1+rn)nt           where P = principal…

Q: 2. How long will it take you to get ten times your money at 2% interest compounded continuously.

A:

Q: 11) Suppose that $6500 is invested at 4% for 3 years. Find the total amount present at the end of 3…

A: