Diana invested 3000 math problem
WebExample 1: Tina invested $3000 in a bank that pays an annual interest rate of 7% compounded continuously. What is the amount she can get after 5 years from the bank? Round your answer to the nearest integer. Solution: To find: The amount after 5 years. The initial amount is P = $3000. The interest rate is, r = 7% = 7/100 = 0.07. Time is, t = 5 ... WebYou're figuring out how much to invest in each of the two accounts so that, once you're done with everything, you will have earned on the two accounts what would be the equivalent …
Diana invested 3000 math problem
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Web10. Miguel invested $3,000 in an individual retirement account that paid compound interest at a rate of 11.75% per year, compounded daily. He must leave the money in the … WebWe are given two numbers in the problem: $12,000 = total money invested in both accounts $700 = total interest earned in both accounts Let's start with the $12,000. Ann …
WebSep 8, 2024 · So, Diana earned an interest of 76,662 – 61,293 = ~15,000 earned in 5 years. => 15,000/5 = 3,000 in a year. Simple rate of interest per annum = 3,000/60,000 = ~5%. … WebJul 12, 2024 · Diana invested some money in a bank at a fixed rate of interest compounded annually. The equation below shows the value of her investment after x years. …
WebOther Math; Other Math questions and answers; This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer See Answer See Answer done loading. Question: a. Calculate the amount it grows to by at the end of 3 years. WebOct 26, 2024 · Diana invested $3000 in a savings account for 3 years. she earned $450 in interest over that time period. what interest rate did she earn? Answer by Guest. Answer: $1350 in interest collected . Step-by-step explanation: 400 x 3 = 1200 . 50 x 3 = 150. 1200. 0150 + _____ 1350. Rate answer .
WebMar 11, 2024 · Diana invested $3000 in a savings account for 3 years. She earned $450 in interest over that time period. What interest rate did she earn? Use the formula I=Prt to find your answer, where l is interest, P is principal, r is rate and t is time. Enter your solution in decimal form rounded to the nearest hundredth.
Web3000 = p × 0.08 × 1 3000 = 0.08p p = 37,500 Answer: He must invest $37,500 Example 2: Jane owes the bank some money at 4% per year. After half a year, she paid $45 as interest. How much money does she owe the bank? Solution: Step 1: Write down the formula I = prt Step 2: Plug in the values 45 = 0.02p p = 2250 Answer: She owes $2,250 sons of anarchy chibs mayansWebDiana invested $61,293 in an account with a fixed annual percent of interest, compounding quarterly. At the end of five full years, she had $76,662.25 in principal plus interest. … sons of anarchy chibs glassesWebProcedure: To find interest, take the product of the principal, the interest rate and the time. Thus, the formula for finding interest is: Interest = Principal * Rate * Time which is also written as I = P*R*T. Now that we have a procedure and a formula, we can solve the problem above. Problem: To buy a computer, Raquel borrowed $3,000 at 9% ... sons of anarchy cherryWeb1st step All steps Final answer Step 1/3 According to the question- Given: Diana invested 3,000 in a savings account for 3 years. She earned 450 in intrest over that period. To find the interest rate that Diana earned on her savings account, we can use the following formula: Interest = Principal × Rate × Time Where: Explanation: sons of anarchy collector\u0027s editionWebAn investment of $3,000 is made at an annual simple interest rate of 5%. How much additional money must be invested at an annual simple interest rate of 9% so that the total annual interest earned is 7.5% of the total investment? First fill in the P, r, and t columns with the given values. sons of anarchy colonna sonoraWebIn this case, the investment amount (that is, the principal) is P = $1000, the interest rate (expressed in decimal form) is r = 0.06, and the time is t = 2. Substituting these values … small pieces of paper are calledWeb9.1 Use a Problem Solving Strategy; 9.2 Solve Money Applications; 9.3 Use ... When she sold the condominium four years later, she paid him the $20,000, $20,000, plus $3,000 $3,000 interest. What was the rate of interest? 230. Pablo borrowed $50,000 $50,000 to ... Caitlin invested $8,200 $8,200 in an 18-month 18-month certificate of deposit ... sons of anarchy charming ca