If $6,000 is invested at 3% compounded monthly, what is the amount after 9 years? The amount after 9 years will be $ ...

Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: A couple invests $1000 in a trust fund each year on their childs birthday. They started the fund on…

A: Given: A couple invests $1000 in a trust fund each year on their Childs birthdayp0. The fund pays…

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: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

Q: The desired accumulated amount is $60,000after 11 years invested in an account with 2.3% interest…

A:

Q: An investment of $5,650 is made in an account compounded quarterly at 5.1%. How much will the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

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

A:

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

A:

Q: ​$1590 is compounded daily at a rate of 10​% for  7 years. Let 1 year=365 days.

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Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

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Q: You have $2500  that you invest at 5.3% compounded quarterly. The total accumulated amount at the…

A: Simply use the the formula for the compound interest and substitute the values then simplify.

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years