Find the time it takes for $5,300 to double when invested at an annual interest rate of 9%, compounded continuously. years

Q: How long (in years and months) will it take for an investment to double at 4% compounded monthly?…

A: The explanation has been given in the attached file.

Q: How long will it take an investment of $5000 to double if the investment earns interest at the rate…

A: We are given: Initial investment (P) = $5000 Accumulated amount (A) = $10000 ( Since we need…

Q: compounded

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Q: Find the time required for an investment of 5000 dollars to grow to 7400 dollars at an interest rate…

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Q: $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

A: In compound interest, total amount is given by A=P[1+(r/n)]nt

Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

A:

Q: . $700 invested at 6% compounded daily after a period of2 years

A: To find the amount after 2 years if $700 is invested at 6% compounded daily. Solution: We know,…

Q: What rate of interest compounded annually is required to double an investment in 4 ​years?   The…

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Q: Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%,…

A: Given: sum, P=$6,400 r=4%=4100=0.04 We have to find time in which given sum becomes double. So,…

Q: How long will it take $4000 to grow to $8500 if the investment earns interest at the rate of 11%…

A:

Q: What rate of interest compounded annually is required to triple an investment in 11 years? The rate…

A: Recall: Compound interest Formula:                 A=P(1+rn)nt ; where A- Amount after t years…

Q: How long will it take for an investment to at least double its original amount if it is growing at…

A: Let P be the initial investment and t represents the time that the investment becomes double.  Given…

Q: How long will it take $5,000 to grow to $20,000 if it is invested at 7% compounded monthly? _____…

A: We know the formula for compound interest, A = P1 + rnnt Where,  A = Final amount.              P =…

Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: If you invest $2090 compounded annually at 9.2%, how long will it take to double your investment?…

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

A: From the given data:

Q: If an investment has an interest rate of 3.75%, compare the amount of time it will take for the…

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Q: Find the amount of money an investment of $15,000 compounded continuously for 10 years at 6.25%…

A: Given: Principal = P = $15,000 Annual rate = R = 6.25% Time = 10 years   To find: Final Amount = A

Q: Find the time it takes for $8,300 to double when invested at an annual interest rate of 11%,…

A: Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Use the compound interest formula to solve:Suppose that you have $14,000 to invest. Which investment…

A: Given principal=$14,000time =10yearsRate =7% or 6.85%

Q: How long will it take $5000 to double if it is invested at 20% compounded quarterly?

A:

Q: If real estate in a certain city appreciates at the yearly rate of 15% compounded continuously, when…

A: The question mentions that the value of the real estate in a certain city appreciates at a rate…

Q: Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate…

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Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

Q: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

A:

Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: $2000 is compounded annually at a rate of 10​% for 3 years.

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Q: Suppose $9500 is invested at 6% interest, compounded annually.  Approximately how long will it take…

A: Given Principal =$9500  rate =6% compounded annually Amount = $12,000

Q: Find the time it takes for $790,000 to double when invested at an annual interest rate of 19%,…

A: Solution-

Q: An investment of $2000 grows at a rate of 3% per year, compounded quarterly. How long will it take…

A: topic - compound interest

Q: How long does it take the amount of money in your wallet to triple if it is invested at 7% interest,…

A: Let initial amount = P So, final amount = A= 3P Interest rate= 7%= 0.07  n= number of times…

Q: t what monthly compounded interest rate does it take five years for an investment to quadruple?

A: Compound interest formula is given by    A = P(1+rn)nt           where P = principal…

Q: Find the time it takes for $7,800 to double when invested at an annual interest rate of 12%,…

A: If you like the solution then please give it a thumbs up... The Answer is:       1.      t = 5.77…

Q: Find the time it takes for $6,700 to double when invested at an annual interest rate of 13%,…

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Q: Find the time required for an investment of 5000 dollars to grow to 7200 dollars at an interest rate…

A: SOLUTION-

Q: Find the amount of time required to double an amount at 5.84% if interest is compounded…

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Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

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Q: Suppose you have $13,000 to invest. Which of the two rates would yield the larger amount in 4 years:…

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Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…

A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…

Q: How long (in years and months) will it take for an investment to double at 3% compounded monthly?

A: If you like the solution then please give it a thumbs up.. The Answer is:     Result = 23.45  It…

Q: How long will it take $2,000 to grow to $24,000 if it is invested at 5% compounded monthly? years…

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Q: How long does it take $2000 to double if it is invested at 4.25% interest, compounded continually?

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Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

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Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily find the value of the…

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Q: Use the formula for continuous compounding to solve:How long, to the nearest tenth of a year, will…

A: Given: Principal=$50,000Amount(A)=$150,000    TripleAnnual interest rate(r)=7.5%=75100=0.075Time in…

Q: Find the investment needed to achieve $5000 when the investment was compounded quarterly at 2% for 6…

A: Given, A= the new balance = $5000 r =  the rate = 2% = 0.02 t = the time = 6 years n = the number of…