1 For each amount given below, calculate the amount of interest paid/earned: a 1500 USD, simple interest of 6%, paid annually for ten years. b 32000 GBP, simple interest of 1.25%, paid for eight years.

Q: 1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of…

A: Let P amount is invested for t years with simple interest r%. Then total interest earned in t years=…

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: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

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Q: 3. A $12,300 investment earns 4.75%/a in interest, compounded quarterly. a) Determine the value of…

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Q: how to change 2 1/2% into a decimal

A: To convert the percentage into decimal value, divide the given percentage by 100.

Q: An investor purchased a portfolio of shares for Taka 356,000. The value of the portfolio rose by 56%…

A: Let, A = final amount P = 356000=initial principal amount r= rate of interest n= number of times…

Q: calculate the purchasing power of this amount

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Q: If pricrs increase at a month rate of 1.9% by what % do they inctease in a year

A: Let the cost of the item be 100. The increased price in a month is calculated as follows.…

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: Can you give me the formula 4 interest on an investment

A: To find a formula which gives relation between investment and interest.

Q: calculate what $700 would grow to at 61/2% per compouned daily for 7 years

A: Given Principal amount=$700

Q: Describe the difference between simple and compound interest.

A: We will find out the required solution.

Q: Compare the accumulated values at the end of 5 years if P100,000 is invested at the rate of 12% per…

A: Given that              Invested amount = 10,0000             Interest rate         = 12 %…

Q: How much is P1,200 worth at the end of 1 year if the interest rate of 5.5% is compounded quarterly?…

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Q: Find the effective rate equivalent to 10 points. 15% compounded quarterly. * 1 Add file

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Q: What are two ways to write the increment of work?

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Q: If after 75 months the amount of Php 25000 becomes Php 30000, what is the annual rate of continuous…

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Q: Which formula can be used to estimate the annual investment?

A: Given: Let's determine the formula used to determine the annual investment.

Q: What effective rate of interest per quarter year is equivalent to 12% per two years effective?

A: Given that The rate of interest is 12% per annum. Time is Quarterly Here we use the concept Let x be…

Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. How…

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Q: How would I find annual percentage yield? How is this different from the annual interest rate?

A: FIND: Annual percentage yield

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 7% interest. How…

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