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How many years would it take $50 to triple if it were invested in a bank that pays 3.8% per year?

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- How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?How long would it take $1,000 to double if it were invested in a bank that pays 6% per year?How long would it take $1,000 to double if it was invested in a bank that paid 6% peryear? How long would it take if the rate was 10%? (11.9 years, 7.27 years)
- If you have $60,000 in a bank account that is paying an interest rate of 4 percent that is being compounded annually, how many years will it take to double your investment if the interest rate stays the same?How much would be in your savings account in 11 years after deposting $150 today if the bank pays 8 percent per year?Suppose an investment will pay $21,000 in 29 years from now. If you can earn 11.35% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?
- You have an investment account that started with $3,000 10 years ago and which now has grown to $8,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the savings bond earns 16% per year from now on, what will the account's value be 10 years from now?How much would be in your savings account in 12 years if you deposited $1,500 today? Assume the bank pays 5 percent per year.You have an investment account that started with $2,000 10 years ago and which now has grown to $8,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the savings bond earns 13% per year from now on, what will the account's value be 10 years from now?
- Can you solve this problem? If you open a savings account that earns 7.5% simple interest per year, what is the minimum number of years you must wait to double your balance? Suppose you open another account that earns 7% interest compounded yearly. How many years will it take now to double your balance.How much money will you have after 4 years if you deposited P10,000.00 in a bank that pays 6% simple interest? 4. 5. How long will an amount of money triple at a simple interest rate of 1% per annum?if you place $1100 today into an account that pays simple interest and you have $6100 dollars in the account 5 years from now. determine the annual simple interest rate. what would be the total value if the investment had of been left in the bank for 8 more years?