$109 deposited in an account is compounded continuously for 5 years. What is the annual nominal rate if the balance at the end of the period is $961? (Round your answer to 1 decimal place.) Number %

Q: A student wishes to invest $500 in a savings account yielding 3% annual interest compounded every 6…

A: Compound interest formula needs to be applied.

Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

A:

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

A:

Q: $1240 at 8% compounded annually for 2 years, what's the interest?

A: Given than,Principle amount, p=$1240Time period of investment=2 yearsRate of interest, R=8%

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

A: