aman has been trying to figure out how much return will he get as compound interest if he invests Rs. 10,000 for 3 years at x% rate. Given that investing an amount with same rate gives 45% increase with simple interest in 6 years

Q: Nisha takes a loan of $45,000 at 6% per annum for 1^1/2 years. Assuming that the interest is…

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Q: Suppose a bank account pays interest that is compounded 6 times per year. If initial deposit was…

A: Initial amount=P= 1500 Final amount= A= 6000 Time = 4 years  Interest rate = r= ? Number of times…

Q: At what simple interest rate is P16 500 invested if it earns an interest of P1 620 just after 1.5…

A: Given:  Principal amount p=16500  Amd amount of interest earns I= 1620  Time t=1.5 year   Then to…

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: What amount must be deposited by a 20-year old student in a bank that pays 5% compounded annually so…

A: As A = P(1+r)t where A = final amount  P = Principal Amount  r = interest rate t = time

Q: What is the principal amount invested if the future value is 3,300 php invested at 10% interest…

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Q: How much money should be invested in an account that earns 3.25% interest, compounded monthly, in…

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Q: Dante’ invested $40,000 in an account that pays out 11% compounded annually. What is the amount…

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Q: r some of money to double in 5 years, what must be the rate of interest converted bi-monthly?

A: Given that for some of money to double itself in 5 years.

Q: If after 75 months the amount of Php 25000 becomes Php 30000, what is the annual rate of continuous…

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Q: An engineer in consulting company to do a 25 -years investment. The engineer planned to invest…

A: An engineer in consulting company to do a years investment.The engineer planned to invest  in the…

Q: what is the interest rate on an account that took 15 years to double if interest was compounded…

A: The objective is to find the interest rate on an account that took 15 years to double if interest…

Q: Venkat lends a sum P at r% compound interest, compounded every moment for ten years. It becomes “a”…

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Q: At what rate of interest compounded semi-annually for 8 years will be Rs. 3150 amount to Rs. 4720?

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Q: My brother invested 18,000 in securities that yield 6% annually for 2 years. How will I compute for…

A: The formula for the simple interest is given as  SI = PRT where SI is the simple interest , P is the…

Q: A principal of RM2000 is invested at 10% interest compounded continuously. After how many days will…

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Q: You decide to save slightly less than that and save $600 a month to invest into a retirement account…

A: The formula of compound interest is, A=P1+rnnt where A=final amountP=principal amountr=annual ratein…

Q: Mr. Daya Omondi sings beautiful songs and people pay handsomely to attend his live shows. Recently…

A: Given, Principal (P)=80,000 Rate of interest (r)=4%=0.04 Time period (t)=8 years

Q: How much should be placed in a fund every 3 months in order to have Php350,000 in 4 years if the…

A: The formula for future value of an annuity is defined as, F.V. of Annuity=P1+in-1i where, P=Periodic…

Q: A computer is estimated to cost RM4000 in two years’ time. If Abu wishes to buy it, how much must he…

A: amount required to save now is RM3161.2581 detailed solution is given below

Q: At what rate of interest compounded semi-annually for 8years will Rs 3150 amount to Rs 4720?

A: Formula for given problem is FV=PV1+rnnt           (1) Where FV is future value, given as Rs 4720 PV…