ractice what you learned in the previous activity by answering these questions. uppose $2700 is deposited into an account that earns 3.10% annual interest compounded monthly ssuming no other deposits or withdrawals are made, what will be the account's balance after 10 years? Enter your answer in the box. Round to the nearest cent.

Q: The principal P - $6300 is borrowed at simple interest rate r= 4.5% for a period of time t= 16…

A: Solution:-    Given   P=$6300                                       r=4.5%…

Q: Answer

A: We find required amount.

Q: Henry deposits $7500 in an account earning 2.75% interest compounded monthly. What is the balance in…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Hayley invested $18,500.00 into an account paying a ridiculous 10% compounded quarterly. How much…

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Q: The bank is paying 9% interest compounded monthly. If you deposit P1,000 at the beginning of each…

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Q: Your parents buy a new computer for you at a cost of $2500. The computer depreciates (decreases) in…

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Q: Brad invests $6,700.00 in an account paying 6% compounded monthly. How much is in the account after…

A: Given that Brad invests $6700.00 in an account paying 6% compounded monthly. Find how much is in the…

Q: You can afford monthly deposits of $170 into an account that pays 2.7% compounded monthly. How long…

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Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: You make a payment of $300 at the beginning of each month into an account that 3.6%annual interest.…

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Q: find the total amount due and the amount of simple interest earned. round to the nearest cent…

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Q: Find the interest for a principal of $8883, rate 9.3% and 5 years.

A: According to the question,  We have: Principal = P = $8883 Rate of Interest = R= 9.3% Time period =…

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

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Q: A savings account that has 850$ deposited on march 1st earns 0.4% annual interest compounded daily.…

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Q: If $1000 is borrowed and the interest after 24 months is $300, what is the annual interest rate for…

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Q: You deposit $400 in an account earning 3% interest compounded annually.  How much will you have in…

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