Johnny deposits 5002 in an account paying 8% rounded to the 10th Pl. interest compound CONTINUOUSLY how long will it take for a balance to reach 7500 show your set up in solving stats round to the nearest hundredths place.

Q: How long will it take for $3000 to grow to $43000 at an interest rate of 8.1%. if the interest is…

A: Let's find.

Q: Donald owes the bank $9450. To repay his debt, he paid a fixed amount back to the bank each month.…

A:

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

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: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: Find the original investment in an account if the final amount of money is $8296. It was invested in…

A: Given amount=$8296

Q: Sam invests $ 2500 into an account earning 5% interest compounded quarterly. How long will it take…

A: Given that, r = 0.05,  n = 4,  P = $2500 Consider that the future amount is doubled. That is, A…

Q: Sarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually.

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Q: Sam invests $1000 into an account earning 5.25% interest compound quarterly. How long will it take…

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Q: Find the annual rate per cent that earns $234 simple interest when $900 is invested for 6, years.

A: To find the annual interest rate that earns simple interest of $234 when $900 is invested for 612…

Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

A: A saving account that has  deposited earns  annual interest compound weekly.The objcetive is to find…

Q: If you invest $6,000 in an account that pays 15 percent simple interest per year, how long before…

A: Given - Principal = $6000 Rate= 15% Amount = 2* principal