Questions LLC
Login
or
Sign Up
Ask a New Question
Math
Algebra
I need to determine the amount of an investment if $1000 is invested at an interest rate of 8% compounded quarterly for 2 years. - Not quite sure how to go about this and would appreciate help. Thank you in advance.
1 answer
1171.66
You can
ask a new question
or
answer this question
.
Similar Questions
INVESTMENTS. Determine the amount of
an investment if $1000 is invested at an interest rate of 8% compounded quarterly for 2
Top answer:
To determine the amount of an investment with compound interest, you can use the formula for
Read more.
I need to determine the amount of an investment if $1000 is invested at an interest rate of 8% compounded quarterly for 2 years.
Top answer:
8% compounded quarterly ---> quarterly rate of 2% or .02 number of quarters in 2 years = 8 amount =
Read more.
Range invested $1000 for college in an account earning 5% simple interest. When she withdrew the investment , she had earned a
Top answer:
I = PRT 550 = 1,000 * 0.05 * T 550 = 50T 11 = T
Read more.
A certain amount of money is invested at 6% per year. A second amount is P5000 larger than the first is invested at 8% per year.
Top answer:
See previous post.
Read more.
A certain amount of money is invested at 6% per year. A second amount is P5000 larger than the first is invested at 8% per year.
Top answer:
$X @ 6%. $(X+5000) @ 8%. (x+5000)0.08 = 0.06x + 500. 0.08x + 400 = 0.06x+500 0.02x = 500-400 = 100 X
Read more.
Money is invested at two rates of interest. One rate is 8% and the other is 2%. If there is $1000 more invested at 8% than at
Top answer:
To solve the system using the method of addition, you need to manipulate the equations so that when
Read more.
Money is invested at two rates of interest. One rate is 8% and the other is 2%. If there is $1000 more invested at 8% than at
Top answer:
They were trying to eliminate the decimals, but they did it in a very clumsy way I would have
Read more.
If N$20,000 has been invested for the last 3 years at 6% per annum simple interest, what is the total amount invested to-date
Top answer:
i = Prt now plug in your numbers
Read more.
An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other
Top answer:
Invested $X @ 4%. Invested $(14,000-X) @ 2.5%. 0.04X + 0.025(14000-X) = $458. Solve for X.
Read more.
An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other
Top answer:
Let X = amount invested at 4%, then (14,000-X) = amount invested at 2.5%. The equation is 0.04X +
Read more.
Related Questions
Sam invested $5000 in a GIC earning 8% compound interest per year. The interest gets added to the amount invested, so the next
An investment pays 8% interest, compounded annually.
a) write an equation that expresses the amount, A, of the investment as a
An investor receives a total of Rs.5,700 per annum in interest from 3 stocks yielding 4%, 5% and 8% per annum respectively. The
An investor receives total of Rs. 5,700 per annum in interest from 3 stocks yielding 4 %, 5% and
8% per annum respectively. The
A woman invested some money at 8% and some at 9% annual simple interest. The interest for 1 year on the combined investment of
determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded quarterly for 12 years?
four people invested in a restaurant. one person invested $1000,000. two others invested in the ratio x:2x, and the fourth
$16,687 is Invested,part at 12% And the rest at 8% if the interest earned from the amount invested at 12% exceeds the interest
A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the
An investment adviser invested $14,000 in two accounts. One investment earned 7% annual simple interest, and the other