How long, to the nearest year, will it take an investment to triple if it is continuously compounded at 16% per year? yr

Q: If $6000 is invested at 3% compounded continuously, what is the amount after 8 years? The amount…

A: Answer  is   7625

Q: small town has 3000 people, but began to grow at a rate of 2.4% compounded continuously for seven…

A: Given- Population of small town=3000 people That is , Principal(P)=3000 rate(r)=2.4%=0.024 Time(t)=7…

Q: How long will it take the money to triple itself if invested at 10% compounded semi-annually

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Q: 3) Suppose that you have $6,000 to invest. Which investment yields the greater return over 4 years:…

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Q: How much will a deposit of 5000 taka grow to in 20 years at 6% interest compounded continuously?

A: If the interest is compounded continuously, then the following formula is used. A=Pert , where, A is…

Q: How long will it take for $4,000 to grow to $9,000 if the investment earns an interest rate of 2%…

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Q: Hannah wants to have $6000 to help pay for a new deck in 10 years. If she wants to put her money…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: What present value amounts to $134,732.96 if it is invested for 2 years at 18% compounded…

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Q: A prestigious bank offers a CD that earns 4.15% interest compounded continuously. Say a CD is…

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Q: One thousand dollars is to be invested in a bank for 4 years. Would 8% interest compounded…

A: To find the amount of semiannual compound interest, use the formula, A=P1+rnnt and substitute P with…

Q: A person wants to have $30,000 in an investment account to buy a new car in 4 years. How much should…

A: Topic - compound Interest

Q: How many years will it take for an invested amount of money to double its value when invested at…

A: If the interest is compounded continuously, then the formula: A=Pert is used. Here, A is the final…

Q: how many years will it take for an initial deposit of p dollars to double if interest is compounded…

A: Given,           The initial deposit is p dollars and the rate of interest is 3%.

Q: What principal invested at​ 8% compounded continuously for 4 years will yield​ $1190? Round the…

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Q: How long, to the nearest hundredth of a year, would it take an initial principal P to triple if it…

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Q: How many years are required for an investment to double in value if it is appreciating at the rate…

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