what rate of interest compounded annually is required to double an investment in 3 years?

Q: What is the value of a $200 investment which earns continuous compound interest of 2.5% annually for…

A: It is given that the initial principal balance is $200 and the rate of interest of 2.5% annually.…

Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…

A: Topic = Algebra   A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time

Q: What rate of interest compounded annually is required todouble an investment in 6 years?

A: We know that, A=P1+rnnt         ...(1) Where A =  final amount. P = Initial principal balance r =…

Q: Which is better, an account paying 3.7% Interest compounded continuously or an account paying 3.75%…

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Q: Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is…

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

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Q: The doubling time of an investment with continuous compound interest is 12.7 years. If the…

A: Given is the today's investment =$20,000. Doubling time is 12.7 years. Time given is 5 years. The…

Q: What principle will amount to $9500 if invested at 3.5% compounded semi-annually for 9 years? The…

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Q: The average cost of a 4-year college education is projected to be $120,000.00 in 18 years. How much…

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Q: what annual ratte of interst compounded annually is required to double an investment in 9 years?…

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Q: The doubling time of an investment with continuous compound interest is 12.5 years. If the…

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Q: Find the present value of amount. $7300 if interest is 5% compounded continuously for 3 years

A: Given, $7300 if interest is 5% compounded continuously for 3 years We use the formula A=Pert

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: Find the amount that results from each investment. $600 invested at 5% compounded daily after a…

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Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: The doubling time of an investment with continuous compound interest is 12.6 years. If the…

A: It is given that, double time of the investment = 12.7 years.Principle amount is $24,000.The number…

Q: If an investment of $7740 grows to $9635 in 6 years at continuously compounded interest, what is the…

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Q: What annual rate of interest compounded annually is required to double an investment in 7 years?…

A: The formula to calculate compound interest is A = P ( 1 + r/n )t*n

Q: You deposit 4000 in an account earning 4% interest compounded continuously. How much will you have…

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Q: What rate of interest compounded annually is required totriple an investment in 5 years?

A: Suppose the rate is  r at which the investment is triple in 5 years compounded annually.

Q: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

A: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

Q: 2. How long will it take$5000 to grow to $20,000 if the investment earns interest at the rate of 6%…

A: Given data,  Initial amount (P) = $5000 Final amount (A) = $20000 Interest rate (r) = 6% = 0.06…

Q: Find the interest rate required for an investment of$5000 to grow to $7500 in 5 years if interest is…

A: Given the principle of investment (P) =$5000 , amount after 5 years (A)=$7500 and time duration…

Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to…

A: we have to use the formula for compound interest to find interest rate, to the nearest tenth of a…

Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…

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

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Q: What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an…

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Q: You want to have $300,000 when you retire in 30 years. If you can earn 5% interest compounded…

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Q: You want to have $400,000 when you retire in 25 years. If you can earn 9% interest compounded…

A: Need to find how much money need to deposit into account to reach goal

Q: How much will $100 grow to if invested at a continuously compound interest rate of 8.5% for 9 years?

A: The compound interest formula for an amount P compounded annually at an interest rate of r% for a…

Q: Antonio deposits $9,200 in a savings account that pays 5.5% compounded continuously. How much will…

A: We have to find

Q: Determine how much time is requiredfor an investment to double in value if interest is earned at…

A: for monthly compounding: 2 = (1 + .0625/12)^(12t) ln 2 = ln[(1 + .0625/12)^(12t)] ln 2 = 12t ln (1 +…

Q: Use the formula for continuous compounding to solve:What interest rate, to the nearest percent, is…

A: A=P ertP is the initial amount or invested amountA is the amount after t years.

Q: How long would iR take to double your money in an account paying 8% compounded quarterly? Ignoring…

A: Consider the Principal be "S" The amount is given by "2S". The rate of interest is 8% per annum.…

Q: Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate…

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Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

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Q: An initial investment of $5000 doubles in value in 6.3 years. Assuming continuous compounding, what…

A: Given Data, P = $5000 t = 6.3 years r = ?

Q: Suppose your great-great grandfather invested $300 earning 3.5% interest compounded continuously 100…

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Q: If you invest $8,600 in an account paying 8.4% annual interest rate, compounded continuously, how…

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Q: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

A: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

Q: If $100 is invested at 8% compounded monthly what is the amount after 6 years? how much interest is…

A: amount = P (1+r/n)nt Interest = amount - Principal

Q: find the interest rate needed for an investment of $5000 to grow to an amount of $7000 in 9 years if…

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Q: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

A: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

Q: If ₱1,000 is invested at 4% per annum compounded yearly, what is the value of the investment after…

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Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: How long will it take $3000 to grow to $4800 if it is invested at a 6.2% interest rate compounded…

A: To find time we use formula: In the Given problem A=$4800P=$3000r=6.2%n=12

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: Ben franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to $15…

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.