Find the time it takes for $5,300 to double when invested at an annual interest rate...
8. $1000 is invested in a saving account with an annual interest rate 4%. Find the balance of the account after 15 years in the following situations (round each answer to its nearest 100th): (i) The interest is compounded annually. (ii) The interest is compounded monthly. (iii) The interest is compounded continuously.
Find the balance, A, in the account when $7,500 is invested at an annual interest rate of 3.5% compounded quarterly for 20 years. A) $12,750.00 B) $15,103.15 OC) $15,011.98 OD) $15,923.42 O E) $15,057.23 OF) $15,087.77 G) $15,102.64
18. Suppose $6,000 is invested in an account at an annual interest rate of 4.5% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in Answer size?
Find the balance if $17,500 is invested at an annual interest rate of 3.25% , compounded annually, for 7 years? 15 years?
18. Suppose $2,900 is invested in an account at an annual interest rate of 6.6% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in size? Answer: 19. Let f(x) = x2 - 10x + 18. (a) Find the vertex. Answer: (b) State the range of the function. Answer: (c) On what interval is the function decreasing? Answer:
If $3500 is invested in an account earning 11% annual interest compounded continuously, then the number of years that it takes for the amount to grow to $7000 is In 2 0.11 Find the number of years The approximate number of years for the amount to grow to $7000 is years. (Do not round until the final answer. Then round to the nearest tenth as needed.)
In the year 2003, $1700 was invested in an account that pays interest at a 2% annual rate, compounded continuously. Let A (t) be the amount of money, in dollars, in the account at time t, where t = 0 corresponds to the year 2003. Write a formula for A (t) A(t) = 1700(1.02) A(t) = 1700(2) none of these A(t) = 1700(e) 0.02 A (t) = 1700 + 2+ In the year 2003, $1700 was invested in an account...
Find the compound interest if RM1000 is invested for five years at an annual interest rate of 7%compounded :a) quarterlyb) monthlyc) weekly
If $200 is invested at 3% interest rate, find the amount in the account after 5 years given the interest is compounded: Annually: Quarterly: Hourly: Continuously: