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Zoe needs 30000 for college in 12 years time Will she have enough money for college if she invests 7250 at 10 interest compounded annually now?
Wiki User
∙ 9y ago
no she will be short by some money around 7000
Wiki User
∙ 9y ago
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John invests 10000 for two years at 10 percent compounded annually How much will John have after the two years?
12100
John invests 10000 for three years at 10 percent compounded annually How much will John have after the three years?
13310
How much interest will Alfred receive if he invests 4000 at 6 simple interest rate for 5 years?
I am assuming this money compounds annually. Year 1 - 4240 Year 2 - 4494.40 Year 3 - 4764.064 Year 4 - 5049.908 Year 5 - 5352.90
How many years will it take to reach 18600 if Tina invests 1000 in an account that pays 6.5 percent interest?
9.85 years, approx.
If John invests 2300 in a savings account with a 6 percent interest rate compounded annually how long will it take until John's account has a balance of 4150?
Use Compound interest formula I(n) =I(o)[1 + r/100]^n Where I(n) is final amount (4150) I(o) is initial amount (2300) r is rate percent = 6% n is the number of years. ( to be found) Substitute 4150 = 2300 [ 1 + 6/100]^n 4150 = 2300 [ 1.06]^n 1.06^n = 4150/2300 1.06^n = 1.804347826 Take logs to base '10' ( 'log' on the calculator) . log 1.06^n = log 1.804347826 nlog1.06 = log 1.804347826 n(0.025305865 =0.25632026 n = 0.25632026 / 0.025305865 n = 10.12888743 yrs. n ~ 10.125 = 10 1/8 yrs.
John invests 10000 for two years at 10 percent compounded annually How much will John have after the two years?
12100
John invests 10000 for three years at 10 percent compounded annually How much will John have after the three years?
13310
Matthew invests 1000 at 8 percent compounded annually for 2 years Find the compound interest?
Total after 2 years = 1000*(1.08)2 = 1000*1.1664 =1166.40 So interest = Total - Inirial capital = 1166.40 -1000 = 166.40
John invests 10000 dollars for three years at 10 percent compounded annually how much will John have after the three years?
$10,000 times (1.1)3 = $13,310
A) If Darya invests 10,000 yen for 3 years at a rate of 6% compounded twice a year, how much will she have at the end of the 3-year period?
If Darya invests 10,000 yen for 3 years at a rate of 6% compounded twice a year, how much will she have at the end of the 3-year period? Ans: 11164
Earnest invests 200 in abank that guarantees 4 percent interest per year How much interest will he make in 6 years?
Interest compounded annually is calculated by the following formula: I = P x (1+r)^t - P where I is the amount of interest, P is the principal investment amount, r is the annual interest rate expressed as a decimal, and t (for time) is the number of years. If "- P" is removed from the right hand side, then you get the new total amount, instead of just the interest paid. For your problem, I = $200 x (1 + 0.04)^6 - $200 = $200 x 1.2653 - $200 = $253.06 - $200 = $53.06
JP is going to invest some money into a savings account He knows that the more that he invests the larger the amount of interest he will earn?
The amount of interest J.P. will earn is a function of the amount he invests.
How much interest will Alfred receive if he invests 4000 at 6 simple interest rate for 5 years?
I am assuming this money compounds annually. Year 1 - 4240 Year 2 - 4494.40 Year 3 - 4764.064 Year 4 - 5049.908 Year 5 - 5352.90
B) If Riya invests 10,000 yen for 3 years at a rate of 6% compounded monthly, how much will she have at the end of the 3-year period Use A = (1+r/n) ^nt?
$13,366.37
How long will it take Mr Books to earn 675 in interest if he invests 4500 at an annual rate of 5 percent?
Assuming the interest is NOT compound - 3 years !
How much interest Alfred will you receive if Alfred invests 4000 at 5 percent simple interest for 5 years?
40 x 5 x 5 = 1000
How many years will it take to reach 18600 if Tina invests 1000 in an account that pays 6.5 percent interest?
9.85 years, approx.
