Sonny, who invested P15,500 had P19,900 returned to him 4 years and 4 months later. At what rate of interest converted monthly did his money earn?
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Sonny, who invested P15,500 had P19,900 returned to him 4 years and 4 months later. At
what rate of interest converted monthly did his money earn?
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- Sonny who invested ₱45,800 had ₱82,420 returned to him 4 years and 4 months later. At what interest converted monthly did his money earn?Jim invests $15,000 today into an account, If the amount in the account accumulates to $17,364.37 at the end of 3 years, what was the interest rate that Jim earned on the account?Please help me answer the following time value of money question. Chuck deposited $25 in an account that pays 4.25%, how much will be in his account in 15 years? 45 years? 110 years?
- Luke earned P4200 in interest from his simple interest account over the last 3 years. The account pays 1.75% interest annually. How much did Luke originally deposited in his account? (A) Р80 000 (в) Р100 000 P75 000 D P50 000Walter is investing $5,000in an account paying 6.75 percent annually for three years. What is the interest-on-interestif interest is compounded?Hint: Find the interest earned using compound interest and simple interest. The difference between them isyour answer.Suppose James will have $25,000.00 for a down payment on a house in 6 years. How much would he have to invest today (present value) if his investment earns a nominal rate of 5 ¼ % compounded monthly? b. How much interest did James’s account earn during the 6 years?
- Mrs. Pores invested P150,000 in a bank that pays an 13% interest converted monthly. If her account balance today amounts to P168,900, approximately how many months did she invest her money? O 9 months O 10 months O 8 months O 11 monthsMike invested $4040 for 3 years and earned $410. What interest rate was this invested at?Anthony invested a sum of money 2 years ago in a savings account that has since paid interest at the rate of 2%/year compounded quarterly. His investment is now worth $25,789.88. How much did he originally invest? (Round your answer to the nearest cent.)
- Delbert invests $250 in an account that pays 8.5% interest compounded continuously. a. Write a formula A (t) that gives the amount of money in Delbert's account after t years. A (t) = b. How long will it take Delbert's investment to double to $? Round to 1 decimal place. years c. How long will it take Delbert's investment to double again, to $ (starting from the time it hit S)? Round to 1 decimal place. yearsBelle decided to start a new investment account. She deposits $1,000 into an account that earns 3.5% interest, compounded quarterly for 10 years. How much more would she have earned, in interest, if she invested the same amount into an account earning 3.8% interest, compounded monthly, for the same number of years? a $44.50 b $350 c $1,416.91 d 1,461.41Miller invested P15,250 for 10 years and received P9,150 in simple interest. What was the rate of that investment? Nick borrowed P6000 at 9% simple interest fro 1 ½ years to repair his rice threshing-machine. Find the simple interest, future value, and equal monthly installments? Benjamin deposited P600 in a saving account that pays 4% simple interest. How long did it take for his deposit to earn an interest of P72. What amount was invested for 5 years at 2 ¼ % if it earned interest of P2,500? At what interest rate will P15,000 earn an interest of P2,500 at 1.8%?