for compound interest, the letters P, r, n and t stand for

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $10000 is invested…

A: Suppose P be the principal amount, R be the interest rate and t be the time, then P=$10000, R=6%…

Q: provided if necessary.)   Write the smallest possible whole number answer.

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Q: sted is compounded monthly rather than compounded annually?

A: We cannot add funds to the present account so annuity will cover the present worth but cannot be…

Q: On Melissa's 6th birthday, she gets a $5000 CD that earns 7% interest, compounded semiannually. If…

A: `Given  P=$5000     r=7% = 0.07  compounded semiannually n=2  t=5 years

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: A local bank advertises that an account at 9.5% interest yields 9.64% annually. How often is the…

A: Let's solve compound intersect sum.

Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?

A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…

Q: What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.

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Q: On the day that Tony was born his grandmother invested $500 in a certificate of deposit that pays a…

A: This question is related to compound interest, We will solve it using given information.

Q: An account is compounded monthly for 5 years with an APR of 9%. For the principle amount of $15,000.…

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Q: Frank invests $ 5500 dollars into an account earning interest compounded quarterly. After 7 years…

A: Solution

Q: Dolores invests $8100 in a new savings account which earns 3.2% annual interest, compounded daily.…

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Q: A bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…

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Q: what number represents an amount being compounded annually?

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Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: On Melissa's 6th birthday, she gets a $4000 CD that earns 3% interest, compounded semiannually. If…

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Q: Breanna went to a bank and obtained a personal loan with an interest rate of 6.4% compounded…

A: Here we can use the fact that if bi-weekly interest rate is r then effective annual interest rates…

Q: A principal of $4600 is invested at 7% interest, compounded annually. How many years will it take to…

A: A=P(1+r/100)t   Here a is amount p is principle  r is rate of interest and t is time in years

Q: You can invest your money at a rate of 20% compounded daily. How much money will you have after half…

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Q: A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment…

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Q: A credit card had an APR of 17.78% all of last year and compounded interest daily. What was the…

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Q: O $30,000 is invested at 6% interest compounded quarterly, Using the formula A= P(1+)nt determine…

A: A=31500$

Q: A bank has decided to set its interest rates to compound monthly on all deposits in order to give…

A: The amount accumulated for an amount P deposited for t years at an interest rate of r% compounded n…

Q: A car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…

A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…

Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How many years will it take…

A: Given:- A principal of $2600 is invested at 4.25% interest, compounded annually. To find:- How many…

Q: In the formula A(e) = P(1 +4)" for compound interest, the letters P, r, n and t stand for -Select-…

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Q: A principal of $4900 is invested at 7.75% interest, compounded annually. How much will the…

A: A principal of $4900 is invested at 7.75% interest, compounded annually.

Q: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

A: Given: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

Q: 6700 dollars is placed in an account with an annual interest rate of 8%. How much will be in the…

A: Principal P=6700Rate R=8%Time T=24 yearsInterest after 24 yearsI=PxRxTI=670x8x24100I=12864

Q: A principal of $4300 is invested at 5% interest, compounded annually. How many years will it take to…

A: Use formula of compound interest

Q: Millie invested $1000 at 3.5% interest , compounded monthly for a term of 18 months. How much…

A: Given that Millie invested $1000 at 3.5% interest , compounded monthly for a term of 18 months. The…

Q: Read question carefully

A: The compound interest formula ( if the interest is compounded on daily basis) is given by:

Q: Pablito has $1 and his grandma says she will give him 100% interest on that $1 every year if he…

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Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: A car was bought for $85,000. It was sold 10 years later for $20,500. At what yearly rate did it…

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Q: Use the formula A = P(1+ )“ to find the total amount of money accumulated for an initial investment…

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Q: For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays…

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Q: At the age of 24, you start depositing $200 each month into an IRA that pays 3.75% interest,…

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Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

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Q: Using the formula A=P(1+r/n)^nt, calculate the interest earned in 6 years on $865 deposited in an…

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Q: Use the formula A = P(1 + )" to find the total amount of money accumulated for an initial investment…

A: Topic- compound interest

Q: A principal of $1500 is invested at 3.75% interest, compounded annually. How many years will it take…

A: Principal Amount = P = 1500 $Interest rate = r = 3.75 %Amount = A = 2000 $We have to calculate the…

Q: Find the compound amount on P10,000 at 5 2% for 4 years and 6 months compounded quarterly. A.…

A: We can find the compound interest as below.

Q: What is the balance in a college fund after 20 years if $5000 was invested at 5% nt compounded…

A: The principle invested is P=$5000. The time period is 20 years. The rate of interest is 5% and it is…

Q: What was a $4400 investment worth after 6 years if it earned 5.4% compounded monthly?

A: Given that Principal amount P=$4400 time= 634 year Rate r=5.4 percent compounded monthly so changing…

Q: How much is $250 to be received in exactly one year worth to you today if the interest rate is 20%?…

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Q: Use the formula for simple interest, I = Prt, to find the indicated quantity. |= $64; r= 8%; t = 6…

A: Given that  I= $64 r=8% = 0.08 t=6 months = 0.5 years   We know that Simple interest (I) = P x r x t…

Q: A credit union pays 6.8​% annual interest compounded daily. What deposit today​ (present value)…

A: Consider P is principal, r is rate of interest compounded n times a year and t is time for the…

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.