If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the investment to grow to $3000?

Q: how long does it take an account containing $8000 to be worth $15000 if the money is invested at 9%…

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Q: if $250 investment earns 5 1/2 interest year how much additional money must be invested at 6% to…

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Q: Charlie invests $8,000 into an account to save for college. If the investment is compounded annually…

A: We know, when a Principal amount ( P ) is compounded annually with an interest rate 'r' % and for 't…

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: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: How long will it take an investment of $8,000 to grow to $10,000 if the investment earns interest at…

A: The compound interest formula ( if the interest is compounded on daily basis) is given by:

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

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Q: You deposit $5000 in an account earning 3% interest compounded continuously. How much will you have…

A: See the attachment

Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

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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: Sue puts $6000 in an investment account that earns 4% annual interest compounded continuously.  When…

A: Here, rate, r=0.04 initial investment, P=6000 Final investment, A=20,000

Q: Mary invests $1500 in an account that earns an interest rate of 4% compounded continuously. Will she…

A: The objective of this question is to determine whether Mary will have enough money in her account…

Q: How much will an investment of $5,000 be worth in 8 years if it earns 2.2% in annual interest…

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Q: How much money will be in the account if $1417.32 is invested for 6 years at 4% annual interest,…

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Q: You deposit $5000 in an account earning 6% interest compounded continuously. How much will you have…

A: We know that final amount A=Pert Given, P=Initial amount=$5000           r=rate of interest=6%=0.06…

Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.