A student wishes to invest $500 in a savings account yielding 3% annual interest compounded every 6 months. How much will the investment be worth at the end of 1 year? Use a dollar sign in you answer and round to the nearest penny.

Q: Find the amount and the interest earned

A: Interest Earned Comparisons5. Marybeth Evanston's CD Investment To determine which CD earns Marybeth…

Q: Dario invested $5,990 in an account earning 5.17% p.a.How many days did it take for his investment…

A: Total investment P=$5,990 rate of interestr= 5.17% p.a Earning on interest C.I=$171.5

Q: Assume that all interest is simple interest. Ed Bland had savings of  $524  invested at  7%  for…

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Q: Kristina wants to invest $4400 in a savings account that pays 6.7% simple interest. How long will it…

A: P=Principle=$4400t=time=?r=interest rate=6.7%=0.067A=final amount=double of…

Q: Larry invests in a $100 savings plan.The plan pays 41/2% interest each year on his account balance.…

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Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: An investment pays simple interest, and doubles in 13 years. What is the interest rate? Answer =

A: Formula for simple interest is :  I = P×R×T where ,   P = Principal  Amount  R = Annual rate of…

Q: a person earned $20.16 interst during the year, at 3% interest how much money did this person have…

A: The objective of this question is to find out the initial amount of money the person had at the…

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

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Q: You put $500 in the bank, where it earns 1.5% simple interest each year. How long until your money…

A: We will solve the following

Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

A:

Q: Jim deposits $2000 in an account with an APR of 2.46% interest compounded daily and wants to know…

A: Formula for the compound interest is  A=P1+rnnt where P is principal amount, r is rate of interest,…

Q: Alec invested $1500 in an account with annually compounded interest. The account earns 4% annual…

A:

Q: You deposit $400 in an account earning 3% interest compounded annually.  How much will you have in…

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Q: If you invest $6,000 in an account that pays 15 percent simple interest per year, how long before…

A: Given - Principal = $6000 Rate= 15% Amount = 2* principal

Q: You deposit $1000 each year into an account earning 6.1% interest. How much will you have in the…

A: Given Information :  Amount $1000 deposit each year into an account earning 6.1% interest.  Let,  P…

Q: You deposit $100 in a savings account that earns 5% simple interest per year. What is the interest…

A: Given Principal amount = P = $100 Time = t = 8 years Interest rate = 5% per year