 Show Transcribed Image Text:Table 2 P m i t C b)- а). 2,000 Semi- c) 2 d). e) - - - - annually 2,800 f)_ quarterly g) h)_ P 500| j)- 5 yrs and 6 months i)- _ 5,000 Legend: P – principal amount; r – nominal rate; I - interest compounded; m – frequency of conversions in a year; i – interest rate per period; t – time in years; n – total number of conversions; I. - compound interest; C – the compound amount - Transcribed Image Text:At what simple interest rate will an amount of money double itself in 10 years? Expert Solution Students who’ve seen this question also like: Related Algebra Q&AFind answers to questions asked by students like you. Q: Assuming that you invest $13,000 in the United States, how long (to the nearest year) must you wait… A: The formula for compound interest is, A=P1+r100n where, A is compounded amount P is the Principal… Q: The........................................ is the equivalent annual simple interest rate that would… A: Solution:GivenThe........................................ is the equivalent annual simple interest… Q: Suppose $22,000 is invested in an account with an APR of 5.3%. a. If the interest is compounded… A: Given: P=$22000 R=5.3% annually T= 6 years a) Compounded annually n=1 A=P1+R100nnT… Q: Assume that a savings account earns interest at a rate of 3% compounded quarterly. If this account… A: Click to see the answer Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.… A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A… Q: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000… A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=… Q: At what interest rate compounded semi-annually will P15,000.00 accumulate to P25,000.00 in 10 years? A: Click to see the answer Q: A lending company advertises that for a fee of P10, you can immediately borrow up to P200 for one… A: The formula relates present value(P), future value(F), interest rate(i) and the number of years(n)… Q: What rate of interest compounded annually is required to triple an investment in 10 years A: Compound interest formula: A=P 1+rnnt. Given that rate of interest compounded annually is required… Q: At what interest rate will money treble if compounded continuously for 18 years? A: Click to see the answer Q: A loan of P72, 000 after 3 years will amount to P128, 600 compounded monthly. What interest rate is… A: Click to see the answer Q: What annual rate of interest compounded annually is required to double an investment in 7 years?… A: The formula to calculate compound interest is A = P ( 1 + r/n )t*n Q: What is the interest rate compounded quarterly if 2,500,000 pesos is invested and the amount became… A: Click to see the answer Q: What rate of interest compounded annually is required totriple an investment in 5 years? A: Suppose the rate is r at which the investment is triple in 5 years compounded annually. Q: If the inflation rate is 4% compounded annually, how long will it take for prices to double? years… A: Click to see the answer Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%… A: Click to see the answer Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to… A: Let P be the principal amount. Q: At what simple interest rate per annum will ₱20,000 accumulate to ₱25,000 in 3 years? A: Solution:- Q: Suppose that you have opened a saving account with an initial deposit of $8,000. The account offers… A: Click to see the answer Q: A 40-year-old consulting engineer wants to set up a retirement fund to be used starting at age 65.… A: Click to see the answer Q: How much interest will you owe if you borrow $2700 for 3 years at a simple interest rate of 7%… A: Given that principal amount=P=$2700Time =T=3yearsrate of interest=R=7%find interest Q: At what rate of simple interest an amount will double itself on 10 years? A: Click to see the answer Q: What is the total amount of money that you will have at the end of 4 years if you invest $7800 for 4… A: Click to see the answer Q: How much interest will be charged on ₱7,300 borrowed for three (3) years at a simple interest rate… A: To find Interest charged charged on 7,300 borrowed for three (3) years at a simple interest rate of… Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years… A: Click to see the answer Q: A mutual fund pays 7% compounded monthly. How much should I invest now so that 2 years from now I… A: fomula A=P(1+rn)nt Q: What simple interest rate will convert a $200 investment into $220 in one year? A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is… Q: At what simple interest rate will an amount of money gain 50% of the principal in 4 years? A: Principal = PAmount = A Time = T = 4 yearsAccording to question, Amount becomes 150% of principal… Q: If the inflation rate is 4.85% compounded annually, how long will it take for prices to double? A: Click to see the answer Q: A principal of 5500 OMR is invested for 3 years. Find the interest rate required to produce a future… A: The given principle is 5500 OMR and the future value is 6300 OMR. The time period is 3 years and the… Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your… A: Click to see the answer Q: How long will it take 4,000 pesos to double if a simple interest of 10% per annum is applied? A: Click to see the answer Q: Question 2 What is the present equivalent of 18,000S to be received by Mlkw in 15 years when… A: Click to see the answer Q: 4. Find out how many months it will take for 1000 taka to grow to 20000. Given 6% annual interest… A: Click to see the answer Q: In how many years will ₱15,000 double itself at the rate of 10% simple interest? A: Click to see the answer Q: How long will an amount of money double at a simple interest rate for 10% per annum? years A: How long will an amount of money double at a simple interest rate for 10% per annum? Q: At what interest rate must $112,000 be invested so that it'll be worth $392,000 in 14 years? A: Click to see the answer Q: If ₱1,000 is invested at 4% per annum compounded yearly, what is the value of the investment after… A: Click to see the answer Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2133 if… A: Click to see the answer Q: If you invest $1,000 at 10% interest compounded every year. a) How long will it be until your… A: Click to see the answer Q: In the future, it is estimated that university will cost $200,000 per student. How much would have… A: Click to see the answer At what rate of simple interest will the amount be doubled in 10 years?As we know the simple interest means principle amount subtracted from final amount i.e. Hence the required rate in which the sum becomes double itself in 10 years is 10%.
In what time will a sum of money double itself in 10 years at SI?T=2P×100P×10 = 20 years.
At which rate of simple interest does an amount become double in 12 years?Let the principal be x. Then, the amount after 12 years be 2x. Let the rate of interest be R. ∴ The rate of interest is 25/3%.
At what rate of simple interest will a sum of money doubles itself?Hence, R = 5%. Q.
|
At what simple interest rate will an amount of money double itself in 10 years?
zusammenhängende Posts
Urheberrechte © © 2024 membukakan Inc.
