Skill Practice 5 The amount of simple interest earned in an account varies jointly as the interest rate and time of the investment. An account earns $200 in 2 yr at 4% interest. How much interest would be earned in 3 yr at a rate of 5%?

Q: solve and show work You invest $350 in an account at 8% interest Compounded for 5 years, How much…

A: Let's find money in account at the end of the 5th year.

Q: You have $15000 that you want to invest for 5 years. Of the two investment options below, which one…

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Q: On his twelveth birthday, a boy inherits $12,000 which is to be used for his college education. The…

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Q: 10. CRITICAL THINKING You found an apartment you really like. The rent is $625 per month. This is…

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Q: Answer each part of the constructed response question. Make sure to clearly label your answer for…

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Q: Give your answer as a rate, accurate to five decimal places. What gain would offset a 24% loss?

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Q: You invest $5000 at 6% interest, compounded semi-annually. How long will it take to double your…

A: Find out the time that it takes to double the investment.

Q: Find Principle? Rate 9% Time - 6 months Interest $675

A: RateTimeInterest

Q: You have $11,000 to invest for 7 years. Find how much you'll have at the end of the 7 years if you…

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Q: Joe invests $3600 in an account earning 7.57% interest, compounded daily. How long will it take for…

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Q: You deposit 120 dollars into an account that pays an interest rate of 6% per year.  a.) Find an…

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Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…

A: The initial amount is: $450 The compound interest is: 3.9% The amount interested per annum…

Q: You invest $500bin an account earning a simple interest rate of 4.25%. How long will it take for…

A: Solution

Q: You are saving up to buy something that costs $500. So far, you have earned $315. What percentage of…

A: The objective of this question is to find out what percentage of the total cost of the item you have…

Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

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Q: Suppose you have $2500 to invest.  You can choose one of two accounts in which to invest your money.…

A: Given that you have $2500 to invest.  You can choose one of two accounts in which to invest your…

Q: ate of 6%, how much If the balance at the end of eight years on an investment of $230 that has been…

A: Given amount = $285.20 principal = $230

Q: Assume the price of oil increases at a rate of 3% per month. At the beginning of March, the price is…

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