141 Answered Questions for the topic Interest

13d

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Samantha invests a total of $28,500 in two accounts. The first account earned a rate of return of 11% (after one year). However, the second account suffered a 10% LOSS in the same time period. At... more
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22d

I had a 10 question practice worksheet before a test, and I am completely stumped on these last two questions. Please help?
1) Jennifer wants to invest some money now to buy a new tractor in the future. If she wants to have 350,000 available in 4 ​years, how much does she need to invest now in a CD paying 4.25​%... more
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10/13/19

If you invest $1,000,000 at 6% compounded continuously, how much interest is earned in 1 hour?
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10/11/19

How long will it take $10,000 to compound continuously to $30,000 at 7% interest?
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09/20/19

a certain forest covers an area of 4500 km^2. suppose that each year this area decreases by 8.75%. what will it be after 10 years?
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08/01/19

Compound Interest
Michael wishes to give his son a savings bond that will mature in 8 years. He would like the value of the savings bond to be $5,000 at maturity. If he can invest in a bond that has an annual... more
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07/13/19

How to determine interest and payment sizes?
Jennifer borrowed $3000 from the bank in order to buy a new jacuzzi. She will pay it off by equal payments at the end of each week for 4 years. The annual interest rate is 8.05%. Determine the... more
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07/13/19

Interest and Annuity
A man starts working a day after he celebrates his 23rd birthday. He wants to have a fund that could, from the date of his retirement at age 58, give him a benefit payment of $6000 at the end of... more
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05/17/19

Determine the periodic deposit and how much of the financial goal comes from deposits and how much comes from interests
periodic deposit: $? At the end of every 3 months4.5% compound quarterly Time: 6 yearsFinancial goal: $15,000
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04/30/19

Miley borrowed a certain amount of money at an annual simple interest rate of 3.7%. If she returned $5013 after 238 weeks, how much interest did she pay?
Please include work if possible
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04/04/19

Interest rate problem
What interest rate compound monthly will yield an effective interest rate of 8%?
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03/09/19

Find current balance for Jeff’s savings account if he had a balance of $396.80, made three deposits of $15, withdrew $125, and earned $1.04 interest

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11/06/18

How can I set up a question with simple interest?
Lindsay invested a total of $14,000 in two savings accounts. The first account paid 6.5% per year, and the second paid 8% per year (both simple interest). Lindsay earned a total of $950.50 from the... more
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09/17/18

Scott invests $6900 in two different accounts. The first account paid 4 %, the second account paid
Scott invests $6900 in two different accounts. The first account paid 4 %, the second account paid 2 % in interest. At the end of the first year he had earned $162 in interest. How much was in each... more
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08/28/18

What is the interest rate of each investment?
The annual interest rate on an $18000 investment exceeds the interest earned on a $5000 investment by $1148. The $18000 is invested at a 0.6% higher rate of interest than the $5000. What is the... more
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08/24/18

Determine the present value P that must be invested to have the future value A at simple interest rate r after time t
A = $9500, r = 12%, t = 3 years
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07/13/18

interest troubles..
How much money is in an account that earns 6% compounded quarterly if $10,000 is initially deposited and there are no withdrawals or additional deposits for 10 yr?
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07/09/18

Amir lent rs 600 to Hamid for 2 years and rs 150 to Aman for 4 years and received from both rs 90 as simple interest. What is the rate of interest
We have to find the rate of interest 
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06/07/18

Finding the balance of an account with simple interest
I have two questions and I have to find the balance.   1.  $200 at 3% for 5 years   2.  $750 at 8% for 5 years
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05/05/18

Compound interest
The present value P of A dollars t years from now earning annual interest r compounded n times per year is P=A (1+r/n)^-nt in this context,  A is called the future value.  Find the interest rate... more
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04/29/18

Financial Mathematics
Gabriella purchases a new car. The car's value in dollars, V, is modelled by the function  V(t) = 12870 - k(1.1)t , t ≥ 0   t- the number of years since the car was purchased  k - constant k =... more
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04/28/18

Use the compound interest formulas A=P(1+(r)/(n))^nt and A=Pe^rt to solve.
Find the accumulated value of an investment of $17,000 at 6% compounded annually for 13 years.
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04/25/18

how long is the money
For her birthday, Lexi's parents gave her $5,575.00 which they put into a savings account that earns 9% interest compounded annually. When Lexi started college, she withdrew the entire balance of... more
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04/19/18

$350 at 6 3 4 % simple interest for 2 years
Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)
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04/12/18

Compounded Interest
Jack has $500 to invest. The bank offers an interest rate of 6% compounded annually. How much money will Jack have after 1 year?
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