How long will an amount of money double at a simple interest rate for 2% per annum? years

Q: How much time is n for $300 to accumul

A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where A is the final amount, P…

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: How long will 2 million pesos earn a simple interest of 200, 000 at 1% per annum

A: The formula for the simple interest is given by S.I= PRT  where S. I is the simple interest , P is…

Q: $5000 is invested in a stock that returns getting 8% compounded monthly. how much interest will be…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: Given: Rate of interest 6% compounded monthly Amount A =$4000 interest rate r=6%=0.06 n=12 t=5 years…

Q: if I invest 1000 at 2% interest how long will it take to double my money

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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: How much must be deposited in an account to have annual withdrawals of $ 1500 forever? Interest is…

A: To find - How much must be deposited in an account to have annual withdrawals of $ 1500 forever?…

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: How much money could you withdraw each quarter of a year for 4 years if you deposited $50,000 into…

A: To Find: How much money we could withdra each quarter if the account pays 4% interest compound…

Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…

A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000  t=duration=9…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: How long will an amount of money triple at a simple interest rate of 1% per annum?

A: How long will an amount of money triple at a simple interest rate of 1% per annum?

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

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

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