Jose invests 3250 at 6%
NettetJose invests 3250 dollars at 6% interest compounded annually. What will be the balance in the account after 3.5 years? A. 3932.50 dollars B. 3985.23 dollars C. 4752 dollars D. … Nettet7. feb. 2024 · The formula for annual compound interest is as follows: FV=P⋅(1+rm)m⋅t,\mathrm{FV} = P\cdot\left(1+ \frac r m\right)^{m\cdot t},FV=P⋅(1+mr )m⋅t, where: FV\mathrm{FV}FV– Future value of the investment, in our calculator it is the final balance PPP– Initial balance(the value of the investment); rrr– Annual interest rate(in …
Jose invests 3250 at 6%
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Nettet22. apr. 2014 · Jose invests $3, 250 at 6% interest compounded annually. What will be the balance in the account after 3.5 years? Nettet3. apr. 2024 · Read Elliman Mag Spring Summer 2024 by Douglas Elliman on Issuu and browse thousands of other publications on our platform. Start here!
NettetRule of 72 Formula. The Rule of 72 is a simple way to estimate a compound interest calculation for doubling an investment. The formula is interest rate multiplied by the … NettetThe basic formula for compound interest is as follows: A t = A 0 (1 + r) n. where: A 0 : principal amount, or initial investment. A t : amount after time t. r : interest rate. n : …
Nettetan inverstment of 35000 is made for 5 years at 6% interest rate.find its compound interest and compound amount if it is compounded quartely. 3 answers; business maths; asked … Nettet12. feb. 2024 · Jose has invested 80% 4/5 of his money in an account which pays 12% while 12% in an account which pays 6%, so his weighted average interest rate is (80%*12%)+ (20%*.6)= 10.8% or 0.108, now to get the investment amount divide interest income by weighted average interest rate = (216/0.108) Advertisement Advertisement
NettetQ 1 - Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years, and at the rate of 14% p.a. for the period beyond five years. If he pays a total interest of Rs. 11,400 at the end of nine years, how much money did he borrow? A - 12,000 B - 13,000 C - 14,500 D - 12,500 Answer - A
Nettet23. okt. 2024 · Jose invests 3250 dollars at 6% interest compounded annually. What will be the balance in the account after 3.5 years? A. 3932.50 dollars B. 3985.23 dollars C. … long lederhosen pantsNettetWhen a bank offers you an annual interest rate of 6% compounded continuously, they are really paying you more than 6%. Because of compounding, the 6% is in fact a yield of 6.18% for the year. To see this, consider investing $1 at 6% per year compounded continuously for 1 year. The total return is: A = Pert = 1.e (0.06) (1) = $1.0618 long ledge shelfNettet7. jan. 2016 · Bongiwe invests R12000 in a savings account at 6,5% per annum compound interest.Calculate how much there will be in the savings account after 5 … longleaze primary school sn4 8baNettetDetermine the balance of $10,000 is invested at an APR of 9% compounded monthly for seven years. 1 answer; College math; asked by Brooke; 377 views; CREDIT OF $1000, … long led candlesNettetAfter investing for 10 years at 5% interest, your $10,000 investment will have grown to $16,289. Did Albert Einstein really say "Compound interest is the most powerful force in … long led light bulbs home depotNettetJose invests 3250 dollars at 6% interest compounded annually. What will be the balance in the account after 3.5 years? 19,488 results, page 20 long led edison bulbsNettet2. apr. 2024 · Answer A man invests a certain sum of money at 6% p.a. simple interest and another sum at 7% p.a. simple interest. His income from interest after 2 years was Rs.354. One-fourth of the first sum is equal to one-fifth of the second sum. The total sum invested was A. Rs. 1500 B. Rs. 1200 C. Rs. 2700 D. Rs. 5400 Last updated date: 11th … hopdoddy sassy sauce recipe