WebAug 26, 2024 · Cynthia invests some money in a bank which pays 5% compound interest per year she wants it to be over 8000 at the end of three years what is the smallest amount to the nearest pound she can invest. Answer by Guest. Answer: The smallest amount to the nearest pound she can invest is £6,911. WebGet the answer to your homework problem. Try Numerade free for 7 days. Continue. Input your name and email to request the answer. Submit. Numerade Educator. Numerade Educator. Like. ... Cynthia invests some money in a bank which pays5% compound interest per year… 01:22. A plane flies 1640 miles in four hours what is the average …
Cynthia invests some money in a bank which pays 5
WebCynthia invests some money in a bank which pays 5% comp Q:20. Which of the following statements provides the most accurate reading of note 3 ? (A) Donald Robertson taught at Yale Q:I need a essay on weight management strategies. This is a paded discmilers: 50 points possible (10] Discussion Board: YW WebOct 9, 2024 · Cynthia invests some money in a bank which pays 5% compound interest per year. She wants it to be worth over £8000 at the end of 3 years. What is the smallest amount, to the nearest pound, she can invest? Question. ... Answer: x = \dfrac{64000000}{9261} 4.6 dermatologist recommended facial brush
Cynthia invests some money in a bank which pays 5% - Gauthmath
WebMay 1, 2024 · The money you put in the bank is called the principal, P, and the bank pays you interest, I. The interest is computed as a certain percent of the principal; called the rate of interest, r. The rate of interest is usually expressed as a percent per year, and is calculated by using the decimal equivalent of the percent. WebNov 18, 2024 · 3) Athena wants to double her money. She put $5,000 in a bank account that pays 4% compounded continuously. How long will it take her to double her money? (Round to the nearest tenth.) Time to double continuous compounding video FORMULA Amount="pert" Principal e to the Rate Time rt A=Pe 10,000=5,000 e^(.04)t 2=e^.04t Take … WebCynthia invests some money in a bank which pays 5% compound interest per year. She wants it to be worth over £8000 at the end of 3 years. What is the smallest amount, to the nearest pound, she can invest? r ---- i ... Math PSYCHOLOGY 1 Answer & Explanation Solved by verified expert dermatologist recommended face masks