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What is compound interest of 1500 dollars for 5 years at interest of 5 percent?
Compound interest functions can be represented as [(1+i)^t]*n, where i = interest rate t = time n = original number [(1.05)^5]*1500 = $1914.42
Suppose you invest 1500 at an annual interest rate of 5 compounded continuously. How much will you have in the account after 4 years Round the solution to the nearest dollar.?
To calculate the amount in an account with continuous compounding, you can use the formula ( A = Pe^{rt} ), where ( A ) is the amount, ( P ) is the principal, ( r ) is the interest rate, and ( t ) is the time in years. Here, ( P = 1500 ), ( r = 0.05 ), and ( t = 4 ). Plugging in the values: [ A = 1500 \times e^{0.05 \times 4} \approx 1500 \times e^{0.2} \approx 1500 \times 1.2214 \approx 1832.10. ] Rounding to the nearest dollar, you will have approximately $1,832 in the account after 4 years.
What is the future value of 80000 dollars with 5 percent interest in 4 years?
102102.52
What is the interest and balance of 375 at 4 percent for 5 years?
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
Ruiz invests 55 at a simple interest rate of 4 percent How much interest will he earn after 5 years?
Use the equation I= Prt P= Principal amount(starting)r= Rate as a decimalt=timeI = (55)(0.04)(5)= 11Therefore, he will earn $11 in interest after 5 years.
What is compound interest of 1500 dollars for 5 years at interest of 5 percent?
Compound interest functions can be represented as [(1+i)^t]*n, where i = interest rate t = time n = original number [(1.05)^5]*1500 = $1914.42
How much interest is earned on a principle of 1500 at 6.3 percent for 5 years?
472.5 i converted 6.3% to .063. multipled that by 1500 to find 6.3% of 1500 and multipled this by 5
Suppose you invest 1500 at an annual interest rate of 5 compounded continuously. How much will you have in the account after 4 years Round the solution to the nearest dollar.?
To calculate the amount in an account with continuous compounding, you can use the formula ( A = Pe^{rt} ), where ( A ) is the amount, ( P ) is the principal, ( r ) is the interest rate, and ( t ) is the time in years. Here, ( P = 1500 ), ( r = 0.05 ), and ( t = 4 ). Plugging in the values: [ A = 1500 \times e^{0.05 \times 4} \approx 1500 \times e^{0.2} \approx 1500 \times 1.2214 \approx 1832.10. ] Rounding to the nearest dollar, you will have approximately $1,832 in the account after 4 years.
Future Value of 500 if invested for 5 years at a 4 percent interest rate?
Simple interest, 500 + (5 x 5 x 4) = 600. Compound 500 x 1.04^5 = 632.66
What is the future value of 80000 dollars with 5 percent interest in 4 years?
102102.52
What is the interest and balance of 375 at 4 percent for 5 years?
If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
If 1500 dollars is invested at an interest rate of 3 point 5 percent per year compounded continuously find the value of the investment after 3 6 and 18 years.?
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
Ruiz invests 55 at a simple interest rate of 4 percent How much interest will he earn after 5 years?
Use the equation I= Prt P= Principal amount(starting)r= Rate as a decimalt=timeI = (55)(0.04)(5)= 11Therefore, he will earn $11 in interest after 5 years.
How much money will be in a bank account after 3 years if 4 is deposited at an interest rate of 5 percent?
$4.63
What is 1500 as a product of prime factors?
1500/5=300 300/5=60 60/5=12 12/3=4 4/2=2 5*5*5*3*2*2
A loan at 6 percent interest over 5 years What is the total output?
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
What is the simple interest of a loan for 1000 with 5 percent interest after 5 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
