163 Answered Questions for the topic Compound Interest

Compound Interest

I know the compound interest formula, and say I have £1,700 compounded for 6 years, 4 times a year at a rate of 4.3%, the end result is 2,197.35, however I want to find the value after each period,... more

#of years of a loan?

Ty borrowed $6800 at 3.4%/a compounded semi-annually. He knows he will pay $7781.74 for the principal and interest at the end of the loan, but he cannot remember the length of the loan. How many... more

By selling some crates of eggs for #6000,a farmer makes a profits of 50%. How much did the farmer pay for the eggs?

By selling some crates of eggs for #6000,a farmer makes a profits of 50%. How much did the farmer pay for the eggs?

A person invested #6000 at 9% simple interest per year. How long will it be before investment is worth 9000 or more?

A person invested #6000 at 9% simple interest per year. How long will it be before investment is worth 9000 or more?

Compounded Interest Continuously

How much would you need to deposit in an account now in order to have $6,000 in 15 years? Assume the account earns 3% interest compounded continuously.

compound intrest

alex opened a savings account 3 years ago with a starting balance of $50. Even though alex did not make any additional deposits into this account she earned additional $3.89 as interest compounded... more

Probability of phone numbers

I am having trouble figuring out how to solve this. Would you be able to help me?Local phone numbers consist of seven numerals, the first three of which are common to many users. A small town's... more

find the accumulated value of an investment of $15000 for 6 years at an interest rare of 4 percent of the money is

a. compounded semiannually b. compounded quarterly c. compounded monthly and d. compounded continuously

Math Problem Help

What annual compound interest rate is required for the debt of a compound interest loan to grow by 42% in 14 years?Round your answer to the nearest tenth of a percent. 

Compound Interest Loan

How many years would it take for the debt of a compound interest loan to grow by 46% if the annual compound interest rate is 2.9%?Round your answer to the nearest tenth of a year. 

Make a table. Suppose you put $ 2000 $ 2000 in a savings account at an APR of 8% compounded quarterly. Fill in the table below rounding your answers to the n

I was given this in one of my assignments, but I keep getting it wrong.Someone, please help asap.

If you put money into a savings account that earns $126.25 over five years at a rate of 8% compounded annually, how much money did you put into the account?

I am very confused with I am doing wrong because I have seen the answer but my working out doesn't match 

How much would Jack have to deposit in order to recieve $10,000 in seven years if he places his money in an account that pays 8.8% p.a, compounded quarterly?

i dont know the formula for this question and its very confusing so i would love some help thank you.

compound Interest

What is the present value of CD with 4% annual interest that matures in 1 year with the value of $3000? What is the future value? What factor would determine which value you chose to use?

Calculate how much would need to be invested at 8% p.a. compounded each half year to accumulate to $9600 in six years

I need help with this compound interest question it’s working backwards and I don’t know how to do it and don’t know it’s formula

Need help find P in a compound interest question.

Determine the principal P that must be invested at rate r = 4%, compounded monthly, so that $500,000 will be available for retirement in t = 10 years.   P= $?

If you do this question "long hand" the old fashioned way, why doesn't interest get added in the last year?

The mall that you are managing will need new cooling towers, so you have created a reserve account. If you deposit $50,000 per year in an account that pays 3% interest, how much will you accumulate... more

how much will you need to invest at 5.65 % compound monthly if you want 225,000 in 7 years

 how much will need to be invested to have 225,000 in 7 years at 5.65 % monthly

At what rate percent will Rs1000 double in 10years at compound interest ?

I want a solution of a question related to compound interest ?

Compound interest with simple interest?

My head is going to explode. Any help is greatly appreciated even if you can just give me the formula I’m supposed to use for each one. I am so lost.     In the inter-change bank judgment, the... more
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