Sam invests $ 2500 into an account earning 5% interest compounded quarterly. How long will it take to double his money? Doubling time in years =

Q: Stephan has $100, which he put in a savings account that pays4% interest, compounded annually. How…

A: Since solve the first question for you. If you want any specific question to be solved then please…

Q: You invest $600 into an account that earns 4% interest compounded monthly. How long until the value…

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Q: Anna invested her savings of $5000 in an account earning 5.7% annual interest that is compounded…

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Q: The purchase price of an acre of land in the Louisiana purchase in 1803 was about 5 cents. Suppose…

A: Given Data: The purchase year of land is: y1=1803 The present year is: y2=2016 The buying price of…

Q: Amanda invests $5400 in a new savings account which earns 5.8 % annual interest, compounded monthly.…

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Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: Tessa invests $5400 in a new savings account which earns 5.2% annual interest, compounded monthly.…

A: P=$5400,  r=5.2%=0.052,  t=8  &  n=12 compounded monthly.

Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: Logan has $80 in a savings account that earns 10% interest per year. The interest is not compounded.…

A: Formula for simple interest i=prt in given question :p=$80r=10%=0.1t=1 year

Q: Rounded to the nearest quarter year, how long will it take an investment to quadruple if it earns 8%…

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Q: Amanda invests $5300 in a new savings account which earns 5.9% annual interest, compounded monthly.…

A: Investment of Amanda P=$5300 rate of interest r =5.9% time t=5years find out the total amount after…

Q: A principal of $3700 is invested at 5% interest, compounded annually. How many years will it take to…

A: GIVEN: Principal amount = $3700 Interest rate = 5%

Q: To get $300 after 4 years at 3% compounded daily

A: The present value P of A dollars to be received after t years, with annual interest rate    r is…

Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: To Determine: how much interest will Lupita have earned after 48 month Given:  Lupita deposited…

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

A: Follow the steps.

Q: Joe invested his $3500 bonus in an account earning 5.5% annual interest that is compounded…

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Q: Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest…

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Q: A principal of $4600 is invested at 7% interest, compounded annually. How many years will it take to…

A: A=P(1+r/100)t   Here a is amount p is principle  r is rate of interest and t is time in years

Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: You get $450 after investing $125 for at an annual interest rate of 8% How long will it take to get…

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Q: Maria borrowed P10,000 with an interest rate of 12% compounded quarterly which he borrowed from a…

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Q: Liz has $80 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent,…

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Q: Arianna invests $5500 in a new savings account which earns 5.6% annual interest, compounded daily.…

A: Given query is to find the value of investment after 7 years when compounded daily.

Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: Trisha has $70 in a savings account. The interest rate is 10%, compounded annually. To the nearest…

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Q: A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the…

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Q: Josh has 1200 dollars which he invests at 4% interest compounded daily. Represent how much he has…

A: Compound interest

Q: Brandon's savings account has a balance of $4069. After 4 years what will the amount of interest be…

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Q: Chloe has $90,000 in a savings account that earns 9% annually. The interest is not compounded. How…

A: Given,         Chloe has $90000 in a savings account that earns 9% annually, 4 months.

Q: Caleb deposits $5500 in an investment account that earns 3.8% annual interest.  Find the balance…

A: Use formula of compounded interest

Q: Laura saves ​$27 at the end of each week and deposits the money in an account paying 9%…

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Q: Nancy invested $17200 in an account earning 6.2 annual interest that is compounded quarterly. How…

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Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

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Q: Glory deposited the sum of $50000 in a bank account after 5 months she made another deposit of…

A: The solution are as follows

Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

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Q: Using the formula: ,  determine how many years, to the nearest hundredth, it will take to double…

A: Formula: A=P1+rnnt where A=The final amount P=Initial principal balance r=interest rate n=number of…

Q: Dominic works after school to save money for college. He makes monthly deposits of $250 into an…

A: Given: Deposit =$250Rate of interest=4%Time =5 years

Q: interest

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Q: Eva to the nearest cent. invests $9800 in a new savings account which earns 4.1 % annual interest,…

A: Given: Principal p=$9800Rate intertset =4.1%Time t=8 years

Q: A bank pays 6 % interest annually on savings, compounding the interest yearly. If we deposit $1000,…

A: Consider the given information.

Q: You deposit $1000 in an account that pays 6% annual interest. Find how long it will take for the…

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Q: sanji spends 850 per month on cigarettes. if he stops smoking and invest the same amount in a plan…

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Q: Dolores invests $9800 in a new savings account which earns 4.5 % annual interest, compounded…

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Q: Sam invests $ 6500 into an account earning 6.75% interest compounded quarterly. How long will it…

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Q: Greg invests $13,000 in an account that pays 5.5% interest per year, compounded quarterly. How much…

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Q: A principal of $3800 is invested at 8.5% interest, compounded annually. How many years will it take…

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Q: Joshua heard that he could triple his money in 27 years if he invested it in his friend's…

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Q: Determine the amount of money, to the nearest dollar, you must invest now at 5% per year, compounded…

A: To find:- Determine the amount of money, to the nearest dollar, you must invest now at 5% per year,…