If you want to earn 3% annual simple interest on an investment, how much should you pay for a note that will be worth $19,500 in 10 months? (Round your answer to two decimal places.)

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

A:

Q: How long will it take for $3000 to grow to $43000 at an interest rate of 8.1%. if the interest is…

A: Let's find.

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: amount of $50,000 is borrowed for 13 years at 4.5% interest, compounded annually. If the loan is…

A:

Q: You have $7000 to invest for seven years. Which investment will provide the greater return:  5%…

A:

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

A:

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: $4,000 is invested at 3% for 7 years. Find the amount of interest earned if interest is compounded…

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Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: if I invest 1000 at 2% interest how long will it take to double my money

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Q: How much money would be in an account if $ 700 $ 700 is deposited at 2.5 % 2.5 % interest compounded…

A: Given that, the deposited amount is P=$700, the rate is r=0.025, the interest is compounded weekly…

Q: Sue to make $2000 interest if she invests 10,000 in an account that offers 4% p.a. ?

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Q: Ashton wants to invest $9,000.00 in a savings account that pays 4.74% simple interest. How long will…

A: Given the principal amount $9,000, rate of interest 4.74% and the future value $12,400.

Q: If Damon invests $1600 for 1 year in a savings account that pays a simple interest rate of 1.09%…

A: Definition used -            Simple interest -                            SI=Prt100…

Q: Find the original investment in an account if the final amount of money is $8296. It was invested in…

A: Given amount=$8296

Q: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…

Q: How long, in years, will it take an investment of $1000 to triple to $3000 at annual simple interest…

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