4. Mr. Roberts invests $10,000 in an account that pays 3.75% interest compounded continuously. Determine: a. How much money will be in the account after 5 years? <> b. How long will it take for the account balance to double?

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: Suppose an amount ₱ 500.00 is invested for 2 years at 6% interest rate. How much is the earning of…

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Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

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Q: w much amount Sara should deposit in an account at 8% to earn an interest of OMR 1200 after 2 years?…

A: Rate of interest =8%, time= 2 years,  S.I.= 1200.  To Find the deposit amount..

Q: Mary deposits $9,000 in a bank account that guarantees a simple interest rate of 7.5% per year. How…

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Q: Determine the interest earned if $87000 is invested at 1.7% simple interest for 47 months.

A: .

Q: $10,000 is deposited into an account that pays 2.4% interest compounded quarterly. How much money is…

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Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: monthly. a. How much is the value of these 10 equal deposits after 9 months from today? b. If…

A: Deposited Amount 15000.00 Time period  9 Months Interest  7% value   after 10 months

Q: accumulate 70,000 for 2 years and 9 months at 2 3/4% simple interest

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Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%

Q: 36,000 is invested at 5.5% compounded annually for 8 years. a. Find the final amount b. Find the…

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Q: 85,000 is deposited in a saving account with 6.35% annual interest. When will be the initial sum…

A: To solve this problem, we can use the formula for compound interest:

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Given, Future value (FV) = $800,000 Rate of interest (r) = 9% Time (t) = 30 years n = 12 ( months)…

Q: You have 300,000 saved for retirement. Your account earns 4% interest. How much will you be able to…

A: Given that, You have 300,000 saved for retirement. Your account earns 4% interest. We need to find…

Q: A savings account that has 850$ deposited on march 1st earns 0.4% annual interest compounded daily.…

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Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: Calculate the time needed on an investment of 600,000 to gained an interest of 84000of the interest…

A: The formula used is given below I = PRT100 where I is the interest , P is the principle , R is the…

Q: TJ deposited P25,000 in a compound interest savings account that gives 3.5% return semi-annually.…

A:

Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

A: A saving account that has  deposited earns  annual interest compound weekly.The objcetive is to find…

Q: Assume a six-month CD purchased for $5000 pays simple interest at an annual rate of 9.5%. How much…

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Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.