Diana invested 3000 math problem
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 … WebMay 27, 2024 · Math Secondary School answered • expert verified Diana invested some money in a bank at a fixed rate of interest compounded annually. The equation below …
Diana invested 3000 math problem
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WebThis problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer Question: Diana invested her savings of $1,775 in a savings account that was earning simple interest at 2.25% p.a. She also invested $3,125 in her friend's business at 0.46% p.m. a. 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: …
WebProcedure: 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% ... WebPat invested a total of $3000 - Pat invested a total of $3,000. Part of the money was invested in a money market account that paid 10 percent simple annual. ... To determine what the math problem is, you will need to look at the given information and figure out what is being asked. Once you know what the problem is, you can solve it using the ...
WebDiana invested $5,286 in an investment that will pay $3,000 the first year, $2,000 the second year and $1,000 the third year. What is the internal Rate of return (IRR)? Note: … WebThis example we're going to be dealing with linear equations in a Investment problem. So we have here is I have $3,000 to invest I put some of it to an account that pays 6 percent …
WebFeb 27, 2024 · Get the detailed answer: Diana invested $3000 in a savings account for 3 years. She earned $450 in interest over that time period. What interest rate did s ... the number of compounding periods peryear, and the time the funds will be invested. If you are not giventhe number of compounding periods a year, make it up. â ¢The principal is ...
WebInterest, in its most simple form, is calculated as a percent of the principal. For example, if you borrowed $100 from a friend and agree to repay it with 5% interest, then the amount of interest you would pay would just be 5% of 100: $100(0.05) = $5. The total amount you would repay would be $105, the original principal plus the interest. church of redeemer sayre paWebIn 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 … church of redeemer online serviceWebJun 3, 2024 · So A = 3000 ( 1 + 0.06 12) 20 × 12 = $ 9930.61 (round your answer to the nearest penny) Let us compare the amount of money earned from compounding against the amount you would earn from simple interest. Years. Simple Interest ($15 per month) 6% compounded monthly = 0.5% each month. 5. church of redeemer mechanicsville vaWebExample 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 ... dewar white label scotchWebFeb 27, 2024 · 5 Sep 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 … church of redemption agawam machurch of reflections knottsWebJul 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. … church of redemption