Sethino invests R20 000 at a bank at an interest rate of 6% p.a., compounded annually. After 4 years, he withdraws R 8 000 to buy furniture. After 2 years, the interest rate changes to 4.5% p.a., compounded annually.  What will the balance of his investment be after a total of 8 years

Q: A man needed P250, 000 at the end of 3 years, how much money must he deposit quarterly in an…

A:

Q: Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars at the end, what was…

A: Given problem is :   Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars…

Q: Rajeev has $175 that he earned from his summer job. He puts the money in an account that yields 4%…

A:

Q: Rosalia deposited a once-off amount of R25 000 into an account earning 9,75% interest per year,…

A:

Q: ys has a balance of $532 on his credit card. the account has a 19% annual interest rate , compounded…

A:

Q: Karl purchased a head, phone and charged it to his credit card. To discharge this debt, he must pay…

A:

Q: Tara invested $8,890 in an account with an interest rate of 7.5% that was compounded quarterly. How…

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

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A:

Q: $25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will…

A:

Q: George puts his bonus of $4,200 into an account earning 7.5% compounded monthly.  How long will it…

A: Given: Initial amount = 4200 rate of interest = 7.5 monthly Final amount  = 5000 Now, we need to…

Q: A sum of $25,000 is deposited into an account paying 5.4% interest per year, compound daily. What…

A:

Q: man invests R2500 at a a compound interest per annum of 8% .Why amount will he receive at the end of…

A:

Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

A:

Q: For her 2nd birthday claudias parents invested $9,000.00 in an 13 year certificate for her that pays…

A: Given  Principal = $9000.00 rate = 7% compounded every 2 months time = 13 year

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

A:

Q: Nicole wants to save $4000 for a backpacking trip through Europe when she finishes college in 3…

A: Consider the given information.

Q: Alexa and Erik plan to send their son to university. To pay for this they will contribute 9 equal…

A:

Q: Britt invested some money at 8% compounded semiannually. At the end of 5 years, her investment has…

A:

Q: When Jack started his job working for an idustrial manufacturing company, he contributed $680 at the…

A: According to the given information it is required to find how much money Jack would have at the end…

Q: Karl buys a $2500 investment certificate that pays 3.75% simple interest per year. How much more…

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

Q: Joann invested $28,800 at 13% to be compounded daily. What will be the value of Joann’s investment…

A: invested $28,800 at 13% to be compounded daily

Q: Hannah is buying a house in Prince Edward Island. She paid $45000 cash when she bought the house and…

A:

Q: teach

A: Given, A teacher saves P5,000 every 6 months in the bank that pays 0.25% compounded monthly.

Q: Bo won $10,000 on a scratch-off lottery ticket. In five years, he wants to buy a new bass boat that…

A:

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: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: Ayana received a family gift for $2,500 for graduation. She wants to invest it for 4 years at a rate…

A:

Q: Karina has two investment options for $20,000 she is saving for her future college expenses. One…

A: We know, in a year, there are 52 weeks.  So, if Karina invests the amount $20,000 in the account…