If 2000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded continuously. How many years will it take for your balance to reach 10000 dollars?

Q: Suppose you deposit money in an investment account that pays 5% annual interest compounded…

A: r=5%=0.05 Let P be the invested money and let it be doubled in t years.

Q: If $6000 is invested at 3% compounded continuously, what is the amount after 8 years? The amount…

A: Answer  is   7625

Q: Aaliyah invested $350 in an account paying an interest rate of 4% compounded continuously. Assuming…

A: Solving the problem by finding the value after 20 years.

Q: If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount…

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Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…

A: Topic = Algebra   A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time

Q: Camila invested $9,100 in an account paying an interest rate of 4.6% compounded continuously.…

A: Given problem:- Camila invested $9,100 in an account paying an interest rate of 4.6% compounded…

Q: If $35,000 is invested at 2.9% interest compounded continuously, how long will it take for the…

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Q: How long will it take for an investment of $1000 to double in value if the interest rate is 8.5% per…

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Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: How long (in years) would $9,000 have to be invested at 8% compounded continuously to earn $1,561.60…

A: Concept:

Q: Jaidee invests $1,966 in a savings account with a fixed annual interest rate of 2.45% compounded…

A: The formula for continuous compound interest is given by A = Pert Where A is future value P is the…

Q: If $7000 is invested at 7% compounded continuously, what is the amount after 7 years? The amount…

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Q: How long does it take for an investment to double in value if it is invested at 16% compounded…

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Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: An account now contains $3,670 and has been accumulating interest at 5% annual interest, compounded…

A: We have to find the amount in the account 5 years ago.

Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: If 7000 dollars is invested in a bank account at an interest rate of 5 per cent per year, compounded…

A: Given that, the initial amount is P=7000 interest rate is r=5%, compounding period is p=1 and final…

Q: Eli invested $9,400 in an account paying an interest rate of 2.3% compounded continuously. Assuming…

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Q: See photo attached, thank you.

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Q: find the present value of 4,000 to be received in 5 years, if money may be invested at 7.1% with…

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Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: Kayden is going to invest in an account paying an interest rate of 4.2% compounded continuously. How…

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Q: How many years will ittake for an initial investment of $10,000 to grow to $25,000?Assume a rate of…

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Q: If $8000 is invested at 5% compounded continuously, what is the amount after 3 years? The amount…

A: According to the given information, it is required to calculate the amount after 3 years.…

Q: If real estate in a certain city appreciates at the yearly rate of 15% compounded continuously, when…

A: The question mentions that the value of the real estate in a certain city appreciates at a rate…

Q: If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long…

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Q: If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long…

A: We know that, the formula for continuous compounding is given by A=Pert            ⋯⋯1 Where, P =…

Q: If $4000 is deposited in a savings account that earns interest at an annual rate of 7.5% interest…

A: NOTE: Refresh your page if you can't see any equations. . here we have,  P=4000 r=7.5%=0.075 t=4…

Q: If $6,000 is invested at 3% compounded continuously, what is the amount after 7 years? The amount…

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Q: How much will $100 grow to if invested at a continuously compound interest rate of 8.5% for 9 years?

A: The compound interest formula for an amount P compounded annually at an interest rate of r% for a…

Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: The value of a savings bond is growing by 2.8% per year compounded continuously. At this growth…

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Q: How long, to the nearest year, will it take an investment to triple if it is continuously compounded…

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Q: Mariah is investing $40,000 in a bond that pays 2.3% interest compounded continuously. How much will…

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Q: If $8000 is invested at 6% compounded continuously, what is the amount after 2 years? The amount…

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Q: If ​$7000 is invested at 5​% compounded​ continuously, what is the amount after 7 ​years? round…

A: Given, Initial amount=$7000 Rate of interest=5%=0.05 Period=7years

Q: If $20,000 is invested at 2.8% compounded continuously, what is the amount in 5 years?

A: If $20,000 is invested at 2.8% compounded continuously, what is the amount in 5 years?

Q: How long will it take a $600 investment to be worth $700 if it is continuously compounded at 11% per…

A: Write the continuous compound interest formula,

Q: Suppose that you have $14,000 to invest. Which investment yields the greater return over 10 years:…

A: To Determine : Which investment yields the greater return . Given: Suppose that you have $14,000 to…

Q: if 25,000 is invested at 12%, How much will it be worth after 5 years if it is compounded annually?

A: Remember that, Compound interest (or compounding interest) is the interest on a loan or deposit…

Q: . How long, to the nearest year, will it take me to become a millionaire if I invest $1,000 at 10%…

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Q: If an account with initial amount of 2000 dollars earns 10% interest compounded continuously, how…

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Q: How long (in years) would $14,000 have to be invested at 6% compounded continuously to earn…

A: Use the formula of compound interest and p a the value.. Use calculator to get the answer

Q: Find the time it takes for $6,600 to double when invested at an annual interest rate of 10%,…

A: NOTE** As per bartleby guidelines for more than one question asked only first is to be answered…

Q: How long does it take an investment to triple at an annual interest rate of 6.45% compounded…

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Q: David invested $220 in an account paying an interest rate of 1.7% compounded continuously. Assuming…

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