168 Answered Questions for the topic Compound Interest
Compound Interest
10/08/15
Math problem on compound interest
Calculate the compound interest and the amount accruing when $ 10 000 is invested at 8% perannum for 3 years.
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10/07/15
Math problem on bank interest
Mr. Jones borrowed $3,680 from Scotiabank for 6 months at 8.75% per annum. Find:(a) The sum of money Mr. Jones had to pay the bank as simple interest.(b) The total amount of money repaid to the...
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Compound Interest
10/05/15
Use the formula for finding sums to find the amount of money the club makes of a new member
New members of a golf club are admitted at the start of each year and pay an initiation fee of $2,000immediately. Thereafter, members pay an annual membership fee of $400, which falls due at...
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Compound Interest Interest
08/13/15
what annual deposit is required to accumulate $50,000 after 20 years at 8% interest compound annually?
compound interest
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Compound Interest
07/29/15
Business math word problem
Jim Jones deposited $19,000 in a savings account at 7% interest compounded daily. At the end of 6 years what is the balance in Jim's account?
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Compound Interest Simple Interest
07/29/15
simple interest and compound interest
A has lent some money to B at 6% p.a and C at 9% p.a ; at the end of the year he gained overall 7.6% p.a.
what is amount lent to B and C?
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Compound Interest
07/24/15
How much would you need to deposit in an account now in order to have $2000 in the account in 10 years?
How much would you need to deposit in an account now in order to have $2000 in the account in 10 years? Assume the account earns 4% interest compounded monthly.
Compound Interest
07/24/15
How much will you have in the account in 15 years?
You deposit $2000 in an account earning 5% interest compounded monthly. How much will you have in the account in 15 years?
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Compound Interest
07/24/15
How much will you have in the account in 10 years?
You deposit $200 in an account earning 5% interest compounded annually. How much will you have in the account in 10 years?
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07/10/15
Compound Interest question :/?
So Ive worked out the example question and the compound interest formula is A=P(1+r/n)nt .
After inputting: A=8000(1+ 0.09/4)4*55 I get 8000(1.0225)220 .
It says the total will be...
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06/03/15
FIND INTEREST RATE
An initial investment of $205.50 is worth $413.75 after 11 years of continuous compounding. Find the interest rate.
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06/03/15
Compound interest and exponential growth
I have no idea how to start this. Please help.
Oppenheimer has a mutual fund where an investment of $5000 at an annual interest rate of 10% compounded semianually over 25 years will yield a...
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Compound Interest Algebra
06/02/15
Annual interest rate
Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, rounded to the nearest...
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Compound Interest
05/17/15
$11,000 invested for 6 years at 3% compounded monthly
$11,000 invested for 6 years at 3% compounded monthly
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Compound Interest
05/08/15
How long would it take to double your principle at an annual interest rate of 8% compounded continuously ?
I just really don't understand how to do this.
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04/23/15
Compound interest question
At what nominal rate, compounded monthly, would $10,000 have to be invested to amount to $16,000 in 6 years?
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04/23/15
How long does it take for an account containing $5,000 to be worth $8,000 if the money is invested at 12% compounded annually?
Need to know for my math course
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Compound Interest
04/21/15
compound interest formula
F=4*P
P=P
R=10%
f=365
Using compound interest formula F(t)=P(1+r/f)^f*t
Solve for t in terms of F,P,r,and f. Calculate how many years it will take for invested amount to...
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03/30/15
Please hurry! help me solve this word problem that involves compounded continuously and doubling
If an account pays 3.5% interest compounded continuously, how long it will take for an investment to double? (Round your answer to the whole number).Hint. You can choose the amount of the investment.
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Compound Interest Maths
02/24/15
what is the formula for finding n in compound interest
A=P(1+(r/100))^n
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Compound Interest
02/19/15
Julie Fargus deposits $366 in a savings account at city bank, the account pays an annual interest rate of 5%. After three years, how much is in her account
If it's compounded semi-annually
Compound Interest
02/19/15
Compound Interest
yujin Pon has a principal of $900 in her savings account on october 1. The money earns interest at a rate of 6.5% compounded quarterly. what is the amount in the account after 6 years?
Compound Interest
12/16/14
In 1990 the population of rabbits on an island was 12000, and in 2001 in the population was 30,000. What will be the population in 2020?
I have been recently using compound interest, annuity and simple interest formulas to solve my other problems, but then I came across this problem.
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Compound Interest
12/08/14
Dale invests $50,000 at 3.9% interest, compounded weekly. How much will he have in 2 years?
Dale invests $50,000 at 3.9% interest, compounded weekly. How much will he have in 2 years?
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Compound Interest
12/02/14
compound interest.
$15, 000 is invested for 1 year. find the future value based on simple interest of 8% and 8% interest compounded every 6 months. then find the difference between the two.
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