what is the interest rate on an account that took 15 years to double if interest was compounded continuously and no deposits or withdrawals were made during the 15 year period?

Q: Suppose a bank account pays interest that is compounded 6 times per year. If initial deposit was…

A: Initial amount=P= 1500 Final amount= A= 6000 Time = 4 years  Interest rate = r= ? Number of times…

Q: If the bank advertises its rate as 6.2% compounded monthly, and another bank advertises its rate as…

A: Given:  Bank A gives the rate of interest at 6.2% compounded monthly. Bank B gives the rate of…

Q: suppose $1000 is depsoited by a 20 year old worker in an individual retirement account that pays an…

A: Given that a 20 year old worker deposits $1000 in an individual retirement account that pays…

Q: The monthly income from recycling paper and cardboard at the XYZ Center is estimated to be $300…

A: The monthly income is given by = 300 dollars the value of the income after 3 years is = 300×12×3=…

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: Breonna invested $4,760 into an account that earns 1.69% interest compounded semi- annually. How…

A: The calculation of the time it takes for the investment to accumulate to $8,020 can be done using…

Q: Suppose you invest $1000 at 10% interest compounded every year. a) how long will it be until your…

A: Given that, P=$1000, A=$3000 and r=0.10.

Q: What amount will be deposited in a bank at 10% compounded quarterly that will accumulate to 125 000…

A: Here Given  Deposited Amount=P Interest Rate=R=10 % =0.1 No of Quarters= 6×4=24 Accumulated Amount=…

Q: The difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

A: Given the difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

A:

Q: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

Q: Dante’ invested $40,000 in an account that pays out 11% compounded annually. What is the amount…

A:

Q: If $10,000 is intially deposited in an account and left in there for 20 years, what will be the…

A: We use the formula: A=P(e)^rt Where, A=future value P=present value e=2.71828 t=time period r=rate…

Q: Suppose $100 was deposited at the EOY 2011 into an account that earns 7% interest compounded…

A: Given , P = $100 r = 7% A = $220 Then A= P(1 + rt)

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

A:

Q: If you deposit 5000RS into an account paying 8.25% annual interest compounded semiannually, how…

A: Given that the principal amount P=5000 RSTotal amount A=9350 RSInterest rate r=…