Webr = R/100 = 3.875%/100 = 0.03875 per year, then, solving our equation I = 10000 × 0.03875 × 5 = 1937.5 The simple interest accumulated ... the simple interest where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100. r and t are in the same ... WebPenny invested $320 at the start of the year. At the end of the year, she had $345. What is the annual effective yield of her investment? Input your answer as a percentage to two decimal places but omit the% sign (7.2564% should be input as 7.26) Question Penny invested $320 at the start of the year. At the end of the year, she had $345.
Devin invested $750 in a cd that pays 6% simple interest, …
WebJan 7, 2024 · Hayden invested $750 for three years at an interest rate of 0.035. How much interest did he earn in that time? Advertisement alleng49301 is waiting for your help. Add your answer and earn points. Answer No one rated this answer yet — why not be the first? 😎 Iamsinghsumit Answer: Here is your answer. Step-by-step explanation: WebQuestion Jim invested $750 in a 3-year CD that earns 4.2% annual interest that is compounded continuously. How much will the CD be worth at the end of the 3-year term? Round to the nearest cent, and do not include the dollar sign in your answer. i beam sizes and weight chart
Solution For: Hayden invested $750 for three years at an …
WebFeb 21, 2024 · n n n – the number of periods (years) the money is invested for. ... 3 = $1, 000 ⋅ 1.1248 = $1, 124.8 The value of your deposit after 3 years (the future value. Let's check now what the future value of the initial amount ($1,000) will be if the annual interest rate is compounded monthly. The formula for future value is: Web4. (four marks) Determine the monthly deposit needed to save $10 000 in three years if interest is earned at 3.5% per year, compounded monthly. 5. (four marks) Determine the amount that should be invested now to generate an semi-annual income of $2000 for three years from a fund that earns 9% per year, compounded semi-annually. WebHayden invested $750 for three years at an interest rate of 0.035. How much interest did he earn in that time? ... Step-by-step explanation: Principle: $750. Interest rate: 3.5%. … i beam size chart in mm