Amanda put 1500 in a savings account after 5 years

Asked by maham237 @ 22/05/2021 in Mathematics viewed by 482 People

Amanda put $1500 in a savings account. After 5 years, she had $1833 in the account. What rate of interest did she earn? Use the formula A=Pe^rt, where A is the ending amount, p is the principle (initial amount), r is the interest rate, and t is time

Answered by maham237 @ 22/05/2021

A=Pe^rt
where:
A=amount
P=principle
t=time
r=rate
Plugging our values in the equation and solving for r we obtain:
1833=1500e^(5r)
solving for r we get:
r=0.0401
Answer: r=0.0401

Why would you put money into a savings account

Asked by maham237 @ 10/01/2021 in Business viewed by 269 persons

If i saved 5 dollars a week for a year

Asked by maham237 @ 09/01/2021 in Mathematics viewed by 292 persons

Kelly saves $5 every week. Which expression represents the amount of money, in dollars, Kelly will save in w weeks

How much is a savings bond worth after 18 years

Asked by admin @ 28/10/2021 in Mathematics viewed by 265 persons

Elenas aunt bought her a $150 savings bond when she was born.When elena is 20 years old,yhe bond will have earned 105% in interest.How much will the bond be worth …

If i save 20 dollars a week for a year

Asked by admin @ 05/11/2021 in Mathematics viewed by 272 persons

If you put $20 in your savings account each week, how much have you saved after n weeks?

Which savings account will earn you the most money

Asked by maham237 @ 28/04/2021 in Mathematics viewed by 374 persons

One that earns simple interest monthly. One that compounds interest monthly. One that earns simple interest daily. One that compounds interest daily.

If i put 1000 in a cd for 5 years

Asked by admin @ 28/10/2021 in Mathematics viewed by 278 persons

Suppose you buy a CD for $1000 that earns 2.5% APR and is compounded quarterly. The CD matures in 5 years. Assume that if funds are withdrawn before the CD …

Which two types of accounts offer tax benefits before saving

Asked by maham237 @ 23/05/2021 in Business viewed by 327 persons

A.529 account B.basic savings account C.certificate of deposit D.401K account

One united bank savings account

Asked by maham237 @ 05/01/2021 in Mathematics viewed by 296 persons

One United Bank is the largest Black-owned bank in the United States which calculates simple interest using the following equation below. I=prt Solve the equation for r, the rate balance. …

Which of the following statements about savings accounts is false

Asked by admin @ 27/09/2021 in History viewed by 306 persons

Which of the following statements about savings accounts is FALSE? Savings accounts may require you to maintain a minimum balance to avoid paying a fee. Savings accounts are best used …

A company whose accounting year is the calendar year

Asked by admin @ 23/08/2021 in Accountancy viewed by 2970 persons

a company whose accounting year is the calendar year purchased on 1st April 2007 machinery costing rupees 30000 it purchased for that machinery on 1st October 2007 costing rupees 20000 …

Compared to cds basic savings accounts are

Asked by maham237 @ 27/04/2021 in Business viewed by 401 persons

Compared to money market accounts, CDs are _____ liquid and have _____ interest rates? A. less; higher B. more; higher C. less; lower D. more; lower

How much is a 20 year old savings bond worth

Asked by admin @ 28/10/2021 in Mathematics viewed by 278 persons

Elena's aunt bought her a $150 savings bond when she was born. When Elena is 20 year old, the bond will have earned 105% in interest. How much will the …

Given: 1 pound (lb) = 453.6 grams 1 pound = 16 ounces (oz) how many ounces are equal to 0.0003140 kilograms? taking significant figures into account, the correctly expressed answer is 1. 1 × 10−2 oz 2. 1.1 × 10−2 oz 3. 1.108 × 10−2 oz 4. 1.11 × 10−2 oz 5. 1.1076 × 10−2 oz 1

Asked by maham237 @ 11/01/2021 in Mathematics viewed by 285 persons

In 1—3 sentences, describe the saving-borrowing-investing cycle.

Asked by maham237 @ 23/12/2020 in History viewed by 477 persons

Valley company’s adjusted trial balance on august 31, 2017, its fiscal year-end, follows.

Asked by maham237 @ 22/12/2020 in Business viewed by 429 persons

Valley Company’s adjusted trial balance on August 31, 2017, its fiscal year-end, follows. Debit Credit Merchandise inventory $ 41,000 Other (noninventory) assets 130,400 Total liabilities $ 25,000 K. Valley, Capital …