Susie invests $500 in an account
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Susie invests $500 in an account
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SpletSusie is said to invest 500 in an account that is compounded continuously. The power R. T is equal to the formula for that. ... The investment is 500 and the annual rate is 5%. She will double her money if she invests 500 m in 2015. Download the App! Get 24/7 study help with the Numerade app for iOS and Android! Enter your email for an invite. SpletYOU HAVE 20,000 FOLLOWERS: • $100 per post at a $5/CPM. • $140 per post at $7/CPM. • $200 per post at $10/CPM. Disclamer: the number about Susie Lee's Instagram salary …
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. SpletUse 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?
SpletSusie 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 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.
Splet04. feb. 2024 · Suzie 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 …
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