$25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will it take for the money to double in value?

Q: eposits $8600 in a bank account that pays a simple interest rate of 6.5% per annum. find how long it…

A: Given that  Principal amount (P) = $8600 Interest rate (R) = 6.5% per annum = 0.065   We know that…

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: 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: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: $5,000 is invested into an account that earns 3% annual interest, compounded monthly. How much is in…

A: Compound interest formula A=P1+rnnt Where A is accumulated amount, P is principal value, r is rate…

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

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Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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Q: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

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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: Lori buys a $1,075 certificate of deposit (CD) that earns 3.2% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

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

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

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Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

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

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

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