Diana invested 3000 math problem
WebFind The Interest Rate Based On The Investment Formula. Example: At the end of 2 years, P dollars invested at an interest r compounded annually increases to an amount, A dollars, given by A = P (1 + r) 2. Find the interest rate if $2,000 increased to $2,420 in 2 years. Write the answer as a percent. Show Video Lesson. 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.
Diana invested 3000 math problem
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WebJan 16, 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 formula I=Prt to … WebThe equation to find bond interest would be: I = Prt. Since the manager invested $3000 more in stocks, the equation to find stock interest would be: I = (P + $3000)rt. Since I is the same for stocks and bonds, we can set the stock and bond equations equal to each other: (P + $3000)rt = Prt. Time equals 1 year.
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% ... WebJul 20, 2024 · Diana invested $61,293 in an account with a fixed annual percent of interest, compounding quarterly. At the end of five full years, she had $76,662.25 in principal plus …
WebDiana invested $61,293 in an account with a fixed annual percent of interest, compounding quarterly. At the end of five full years, she had $76,662.25 in principal plus interest. … WebIn 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 …
WebSOLVED: Diana invested 3000 in a savings account for 3 years. She earned450 in interest over that time period. What interest rate did she earn? Use the formula I=Prt to find your answer, where I is interest, P is principal, r is rate and t is time. Enter your solution in decimal form rounded to the nearest hundredth.
WebApr 26, 2016 · Answer: 5% or 0.05 Step-by-step explanation: Diana invested $3000 in savings account 3 years. And the total interest gained by Diana is $450. Therefore, … small chaise corner sofasWebExample 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 ... somerville primary school staff small heathWebSOLVED: Diana invested 3000 in a savings account for 3 years. She earned450 in interest over that time period. What interest rate did she earn? Use the formula I=Prt to find your … somerville primary school staffWebJul 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. fx=4001.01x What was the average rate of change of the value of Diana's investment from the second year to the fifth year? 1.01 dollars per year 2.47 dollars per year 4.12 dollars per year … small chalice carrying caseWebFeb 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 … small chair pads for carpetWebWe are given two numbers in the problem: $12,000 = total money invested in both accounts $700 = total interest earned in both accounts Let's start with the $12,000. Ann … small chaletWebAn investment of $3,000 is made at an annual simple interest rate of 5%. How much additional money must be invested at an annual simple interest rate of 9% so that the total annual interest earned is 7.5% of the total investment? First fill in the P, r, and t columns with the given values. small chaise lounge with arms