Precalculus Math

posted by .

If $2500 is invested at an interest rate of 2.5% per year, compouded daily, find the value of the inevestment after 2 years

  • Precalculus Math -

    2500 (1+.025/365)^(365*2) = 2628.17

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    Suppose that $2500 is invested at an interest rate of 2.5% per year, compounded continuously. After how many years will the initial investment be doubled?
  2. math

    An amount of $5000 is invested at an interest rate of 7% per year, compounded quarterly. Find the value A(t) of the investment after t years.
  3. Math

    If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded …
  4. Compound interest

    Hello My teacher skipped over this and I have no clue how to do this or the equations. Help would be wonderful thank you If 6000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in …
  5. math

    Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. P = $2500, r = 3%, t = 3, compounded quarterly $ ?
  6. Math

    If $1500 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after 3 and 6 years. What formula would i use?
  7. math

    If $3500 is invested at an interest rate of 6.25% per year, compounded continuously, find the value of the investment after the given number of years. a) 3 years b) 6 years c) 9 years
  8. math

    If you invest $23010.00 at an interest rate of 2.90% per annum compouded semo annually,what will the total value of your investment be after 9 years?
  9. math

    If $15,000 is invested at an interest rate of 10% per year, compounded monthly, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) a. 6 years b. 12 years c. 18 years
  10. Algebra( check my answers)

    1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years?

More Similar Questions