If 100,000 php is deposited in a bank that grows 4% interest discretely, how much will it be in 5 years? A 121,665 php B 12,166 php 122,140 php 1,000,000 php

Q: Find the final amount of money in an account if $2, 200 is deposited at 7.5 % interest compounded…

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Q: a) If a car depreciates at 15% per year, how long is it until it is worth half of its original…

A: a) Given that a car depreciates at 15% per year. To find the time when it is worth half of its…

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: If $4000 is deposited at the end of each half year in an account that earns 6.6% semiannually, how…

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Q: Find the final amount of money in an account if $2,200 is deposited at 7.5% interest compounded…

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Q: If an amount $2144 at a simple interest rate of 10% for 4 years. Then the simple interest is $. O…

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Q: A principal earns interest of ₱ 196.00 in 3 years and 6 months at a simple interest rate of  6 1/2%.…

A: We have to find invested principal where interest is given $196.00 in 3 years and 6 months at a…

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: Find the final amount of money in an account if 2,600 is deposited at 3.5% interest compounded…

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Q: A recent college graduate moves back in with their parents and invests their entire first-year…

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Q: A certain financial institution declared a 50,000 dividend for the common stocks. If there are a…

A: Given: A certain financial institution declared a 50,000 dividend for the common stocks. If there…

Q: If you deposit P5,500 in a bank at an annual simple interest rate of 0.5%, how much money will you…

A: Given  Principle(P) = 5500 Rate(R) = 0.5 Time(T) = 12   By the formula SI = PRT100 = 5500×0.5×12100…

Q: If you deposit $300 now in a savings account and increase your deposits by 10% each month, how much…

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Q: if $25,600 is invested for 3.5 years at 4.75% simple interest, how much interest is earned?

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Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

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Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

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Q: If u make an investment of $5000 and the investment earns an annual interest rate of 2.1%, how much…

A: The simple interest SI on a sum of P at R rate of interest for T years is expressed as SI=P×R×T100…

Q: How much final amount would Abraham receive if he invest P100,000 for 1 year and 3 months at 11%…

A: Use the formula to calculate the simple interest as follows:

Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

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Q: If a person takes a mortgage OMR 82,000 for 25 years, with a rate of interest 4% compounded…

A: Total number of periods is 100. Therefore answer b is correct.

Q: Find the final amount of money in an account if $500 is deposited at a 3% interest compounded…

A: If A= final amount including principal P= principal amount I =rate of interest per year t= number of…

Q: if miya places $650 in a savings account that earns a nominal 2.5% yearly interest compound monthly,…

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Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each year…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=8000 t=10 years r=7%=0.07…

Q: Rob has 100,000. Invested into a fund that adds 5% per year.  How much will he have in 20 years…

A: Given: Initial amount=100,000 Increasing amount=5% of ininitial amount Time = 20 years

Q: If an investment company pays 6.5% compounded semi – annually, how much should you deposit now to…

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Q: If the rate of interest in Example 2 was 6% instead of 1.2%, how much will the account have after 24…

A: Principal Investment (P) =$1000 Rate of interest (R) = 6% per annum = 612% per month=12% per month…

Q: If a bank pays 3% compounded monthly, how much should be deposited now to have $1400 : a) 7 years…

A: Compound interest is given by A=P1+rnnt Given A=$1400, r=3%=0.03, n=12, and t=7…

Q: if $120 double in approximately 11 years, what is the interest rate

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Q: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

A: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

Q: A bank offers a CD that pays a simple interest rate of 5%. How much must you put in this CD now in…

A: First, always look for what you are asked to find. Here it is how much you must put into a CD.…

Q: The payment of 500 php is to be made at the end of every 6 months. How much is its future value…

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Q: Find the final amount of money in an account if $4,500 is deposited at 2.5% interest compounded…

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Q: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

Q: Find the final amount of money in an account if $6,600 is deposited at 6%6% interest compounded…

A: Given,

Q: An account that yields 6% simple interest annually has $2,000. How much will be in the account after…

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Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: If a bank pays 18% compounded monthly, how much should be deposited now to have $2000 : a) 6 years…

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Q: A Family is saving up for a house payment. If they deposit $400 each month into an account that pays…

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Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

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Q: If $5000 is loaned for 5 months at a 5% annual rate, how much interest is earned?

A: Given: principal amountp=$5000, rate of interestr=5% per year and timet=5 months we know that simple…

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

A: Here we will use the recurring deposit formula for calculating the compound interest. Sum of the…

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

Q: In how many years will ₱15,000 double itself at the rate of 10% simple interest?

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Q: A college student receives an interestfreeloan of $8250 from a relative. The student will repay$125…

A: A college student receives an interest free loan of $8250 from a relative. The student will repay…

Q: A man invested 50,000 in an investment entity that pays 5 3/8 % simple interest for 3 years and 7…

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Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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