WebQuestion: Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the formula A=P (1+r)^ (t), what is the approximate value of the account after 2.5 years? Mario invested $6,000 in an account that pays 5% annual interest compounded annually. WebView Homework Help - TUTORIAL 4 - QUICK CHECK.docx from RM 6000 at Tun Abdul Razak University. TUTORIAL 4 QUICK CHECK 4A 1. ... 5. RM990 is invested every month for thirty months in an account that pays 7% compounded semi-annually. ... RM700 is invested every month into an account that pays 5% compounded annually for eighteen …
Solved Mario invested $6,000 in an account that pays 5
Web14 nov. 2024 · The approximate value of the account after 5 years will be $6778. Given that, Mario put $6,000 into a savings account that accrues interest at a rate of 5% per … WebExample 5. Banks A and B both o er savings accounts that pay 5% interest per year. Bank A compounds yearly but uses simple interest for partial periods while bank B uses straight compound interest for all times. Compare the amount that you would have after 3 years and 2 months if you invested $2,000 in bank A with the same investment in bank B ... dmw logistics llc
Mario invested $6,000 in an account that pays 5% annual …
Web1 mei 2024 · Answer. Exercise 6.4.2: Find the simple interest earned after 2 years on $700 at an interest rate of 4%. Answer. In the next example, we will use the simple interest formula to find the principal. Example 6.4.2: Find the principal invested if $178 interest was earned in 2 years at an interest rate of 4%. Web8 okt. 2024 · Mario invested $ 6,000 in an account that pays 5% annual interest compounded annually. Using the formula A=P1 +rt , what is the approximate value of the account after 2.5 years? $ 6,075 $ 6,118 $ 6,456 $ 6,778 Question Gauthmathier1206 Grade 9 · 2024-10-08 Good Question (175) Gauth Tutor Solution Lydia Mechanical … WebYour brother has asked you to help him choose an investment. He has $6,000 to invest today for a period of two years. You identify a bank CD that pays an interest rate of 4.25% with the interest being paid quarterly. What will be value of the investment in two years? $6,529 $6,550 $6,107 $6,216 $1,046,024 creare copertina word