After 10.32 years, Mary's money became 2 % of its initial value. The money was compounded semi-annually. Determine the equivalent interest rate if compounded monthly.

Q: Sandy invested $1500 with 3.5% interest. Compounded quarterly. How much money will she have in 8…

A: Given: The amount invested is $1500 with 3.5% rate of interest. The time period is 8 years. The…

Q: ys has a balance of $532 on his credit card. the account has a 19% annual interest rate , compounded…

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Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: Given the given invest=$3,600 Interest rate=0.43%(compounded monthly) Time=2 years Apply formula…

Q: Sarah invests $4848 in a savings account with an annual interest rate of 5% compounded 2 times per…

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Q: $25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will…

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Q: Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her…

A: Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Q: Joy has ₱ 100,000.00 to invest at 1.11% compounded monthly. How much is the additional interest…

A: If an amount P is invested for t years at a rat o interest r% and if the number of compounding…

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: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

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Q: Russell invested 50,000 pesos in a bank that pays 8% compounded quarterly for 5 years. How much is…

A: We used the formula A=P(1+r/n)^(nt)

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

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Q: Sam invests $1000 into an account earning 5.25% interest compound quarterly. How long will it take…

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

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Q: A freelance artist is paid $3,520 for a contracted job. The money is invested in a savings account…

A: Paid amount = $3520Rate = 3.05 %Time = 6 months = 1/2 years Compunded monthly Formula for compounded…

Q: Haley invests $1,500 into an account that earns 4.5% interest compounded quarterly. How much money…

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Q: Carl invested $10000 into a CD that compounds quarterly with an annual interest rate of 4.5%.…

A: Given Carl invested $10000 into a CD that compounds quarterly with an annual interest rate of 4.5%.…

Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

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Q: Reymark deposited ₱25,000 to his bank account with an annual interest of 4% that is compounded…

A: Initial Amount is ₱25000 Annual Interest is 4% To find time that will take to make ₱45000

Q: Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 7 years…

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