Susie invests $500 in an account
SpletAnswer: I = $ 1,937.50 Equation: I = Prt Calculation: First, converting R percent to r a decimal r = R/100 = 3.875%/100 = 0.03875 per year, then, solving our equation I = 10000 × 0.03875 × 5 = 1937.5 I = $ 1,937.50 The simple interest accumulated on a principal of $ 10,000.00 at a rate of 3.875% per year for 5 years is $ 1,937.50.
Susie invests $500 in an account
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SpletQuestion: Moving to another question will save this response. 4 ponte estion 1 Susie invests $500 in an account that is compounded continuously at an annual interest rate of 5%, … SpletNatasha invests £250 in a building society account. At the end of the year her account is credited with 2% interest. How much interest had her £250 earned in the year? Solution Interest = 2 250%£ of = 2 100 ⋅ £250 = £5 Worked Example 2 Alan invests £140 in an account that pays r% interest. After the first year he receives £4.20 interest.
SpletSusie invests her personal computer in the business, $3,000 a) +3000 Bank; +3000 Capital b) +3000 Bank; +3000 Equipment c) +3000 Equipment; +3000; Capital d) +3000 … Splet6 Susie invests $500 in an account that is compounded continuously at an annual interest rate of 5%, according to the formula A Pert, where A is the amount accrued, P is the …
Spletsusie invests $500 in an account that is compounded continuously at an annual rate of 5%. If she invests this money in the year 2015 during … 00:48 Find the balance in each account after the given period. 4000 dollars principal earning 6 …
Splet3) Susie invests $500 in an account that iscompounded continuously at an annual interest rate of 5%, according to the formulawhere A is the amount accrued, P is the principal,r is the rate of interest, and t is the time, in years.Approximately how many years will it take forSusie’s money to double? head hammockSpletQuestion: Calculate Compound Interest Question Matthew invests $500 into an account with a 2.5% interest that is compounded quarterly How much money will he have in this account if he keeps it for 10 years? Round your answer to the nearest cent and do not include the dollar sign. gold living room tablesSpletSusie is going to invest $3000 in an account earning 6%annual interest compounded quarterly. How long will it take for her investment to reach $20,0007 (round to the nearest … head hand and foot diseaseSpletUse this space for 13Susie invests $500 in an account that is compounded continuously computations. at an annual interest rate of 5%, according to the formula A Pert, where Ais the amount accrued, is the principal, Pis the rate ofr interest, and tis the time, in years. Approximately how many years will it take for Susie’s money to double? headhand architektiSpletSusie invests $ 500 in an account that is compounded continuously at an annual interest rate of 5%, according to the formula A=Pert , where A is the amount accrued, P is the principal, r is the rate of interest, and t is the time, in years. Approximately how many years will it take for Susie's money to double? A 1.4 6.0 13.9 D 14.7 gold living room lightingSpletFV = $19,000 × 1.068^39 = $247,190.89. Difference = $247,190.89 − 210,733.84 = $36,457.05. You Save Bank has a unique account. If you deposit $6,500 today, the bank … gold living room wall decorSpletSusie invests $ 500 in an account that is compounded continuously at an annual interest rate of 5 % , according to the formula A = Pe rt , where A is the amount accrued , P is the … gold loach