Which of the 4 formulas would you use to solve this? Write the formula, then rewrite it with all known values filled in. Do not solve. You deposit $1000 in an account that pays 6% annual interest. Find how long it will take for the amount to double if the interest is compounded quarterly.

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

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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…

A: amount return A on investing P amount on R% compounded annually for t years is given by A=P(1+R100)t…

Q: $10,000 is deposited for 2 years in an account that earns 5% interest.  calculate the simple…

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

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Q: You make an investment of ​$1400. Find a formula for the amount of money​ (A) in the investment…

A: Given that investment is $1400 and the investment loses $43 every year. Let t denote the years.

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

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Q: When Grayson was 20 years old, he opened an individual retirement account by investing $2,000 at 11%…

A: To find out the amount when the person becomes 65 years old.

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: 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: Bill saved 42,000 in an account with an annual interest of 5%.  The amount of money in the account…

A: Given Principle is 42000 Interest pa 5% Compondes quarterly. Final amount is 62000

Q: Hannah wants to have $ 4500 to help pay for a new deck in 7 years. If she wants to put her money…

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