Using the formula: ,  determine how many years, to the nearest hundredth, it will take to double your money if you invest $30,000 at 1%  interest compounded monthly.

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

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Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

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Q: You deposit $600 in an account earning 3% interest compounded annually. How much will you have in…

A: Here I am attaching image so that you understand each and every step.

Q: You deposit $6000 in an account earnings 3% interest compounded monthly. How much will you have in…

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Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

A: Given: Deposited amount  P0=400           Interest R=4%           Compounded anually n=1…

Q: Frank invests $ 5500 dollars into an account earning interest compounded quarterly. After 7 years…

A: Solution

Q: How much money do you need to deposit in a bank today if you are planning to have $5000 in four…

A: Here we have to find hoe much money do you need to deposit in a bank today if you are planning to…

Q: Dolores invests $8100 in a new savings account which earns 3.2% annual interest, compounded daily.…

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Q: Arianna invests $5600 in a new savings account which earns 5.9% annual interest, compounded…

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Q: A bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…

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Q: Matilda wishes to retire at age 67 with $1,500,000 in her retirement account. When she turns 28, she…

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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: Amanda invests $5100 in a new savings account which earns 3.3% annual interest, compounded monthly.…

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Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: January, Joanna deposited $250 into her savings account. In February, she deposited an additional…

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Q: 4400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

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Q: 3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: Here i consider two conditions  if amount on simple interest  or if amount on compounded interest

Q: Solve Problem 20.4 using Excel.

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Q: Use the compound interest​ formula, A=P1+rnnt​, to solve the problem given. Round answers to the…

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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: 6700 dollars is placed in an account with an annual interest rate of 8%. How much will be in the…

A: Principal P=6700Rate R=8%Time T=24 yearsInterest after 24 yearsI=PxRxTI=670x8x24100I=12864

Q: You deposit $400 in an account earning 7% interest compounded annually. How much will you have in…

A: Given  Principal P=400 Rate of interest r=7% year t=10 number of compounded n=1 we know that…

Q: You deposit $6000 in an account earning 2% interest compounded the account in 10 years?

A: Here the deposit amount P(0)=$6000 rate r= 2%=2100=0.02 time t=10 years

Q: Read question carefully

A: The compound interest formula ( if the interest is compounded on daily basis) is given by:

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

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Q: Using the formula: A=P(1+r/n)nt , determine how many years, to the nearest hundredth, it will take…

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Q: Duncan opened a savings account and deposited $200.00 as principal. The account earns 7% interest,…

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Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

A: Compound interest formula is A=P1+rnnt A = final amountP = initial principal balancer = interest…

Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

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Q: Sam begins saving for a down payment on a house using an investment account. The account earns…

A: Let's find.

Q: Use the formula A = P(1+ )“ to find the total amount of money accumulated for an initial investment…

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Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The amount $4000 deposit in an account with rate of interest 5.1%, compounded monthly for 7…

Q: You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in…

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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: the beginning of each month. If interest on the account is 5% compounded quarterly, Laura wants to…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…

A: Initial amount=P= 600 Interest rate= r= 7%=0.07  Time=t= 20 years Number of times compounded in a…

Q: Melanie invests $7600$⁢7600 in a new savings account which earns 4.0%4.0% annual interest,…

A: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded…

Q: Using the formula: A = P (1 +-) , determine how many years, to the nearest hundredth, it will take…

A: In the formula A=P1+rnnt, A is the future amount, P is the invested amount, r is the rate of…

Q: You deposit $3000 in an account earning 6% interest compounded monthly. How much will you have in…

A: Given  Principal = $3000 rate = 6% compounded monthly  time = 5 years

Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

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Q: You invest $4000 in an account with an APR of 3% and daily compounding. How much will you have after…

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Q: 3400 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the…

A: Given:  Principal=P = $ 3400 Rate of interest= 7.5% To find the amount of money in account after…

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: Using the formula A=P(1+r/n)^nt, calculate the interest earned in 6 years on $865 deposited in an…

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Q: You deposit $1,500 in an account at the Lifelong Trust Savings and Loan that pays 6% per year…

A: We have PV=$1500         , Present Valuer    =6                , Rate of interestm  =4…

Q: Tessa invests $5600 in a new savings account which earns 3.9 % annual interest, compounded monthly.…

A: Formula to find the value of final amount is A=P1+rnnt where A-Total amount at the end of the time…

Q: Use the formula A = P(1 + )" to find the total amount of money accumulated for an initial investment…

A: Topic- compound interest

Q: At the start of each month you put $100 into an account that pays 6%, compounded monthly. After 10…

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.