Suppose Diana Places $4500 In An Account That Pays 8% Interest Compounded Each Year. Assume That No Withdrawals (2024)

Mathematics College

Answers

Answer 1

The rule of the compounded interest is

[tex]A=P(1+\frac{r}{n})^{nt}[/tex]

A is the new amount

P is the initial amount

r is the rate in decimal

n is the number of periods per year

t is the time in years

Since the initial amount is $4500, then

P = 4500

Since the interset is 8% yearly, then

r = 8/100 = 0.0

n = 1

For 1 year t = 1, for two years t = 2

Let us find the new amount in the 2 cases

[tex]\begin{gathered} A=4500(1+\frac{0.08}{1})^{(1)(1)} \\ A=4500(1.08) \\ A=4860 \end{gathered}[/tex]

The amount in the account at the end of one year is $4860

[tex]\begin{gathered} A=4500(1+\frac{0.08}{1})^{(1)(2)} \\ A=4500(1.08)^2 \\ A=5248.8 \end{gathered}[/tex]

The amount in the account at the end of two years is $5248.8

Related Questions

Click or touch the graph to plot the ordered pairs. Use the interactive graphing tool to plot the ordered pairs. X y 4 (-2,0), (-1, -3), (0, -4), (1, -3), (2,0) 2 Using your graph, how many points lie on the x-axis? -4 -2 2 4 оо -2 O 1 -4. o 2 O 3 Reset

Answers

Only 2 points lie on the x-axis, only (-2,0) and (2,0). A point must not lie in any quadrants but

The table shows data from an experiment with two trails. Calculate the percent errors. Which trail had the greater percent error?

Answers

The percent error is given by:

[tex]E=\frac{|measured-real|}{real}\times100[/tex]

For trial A the percent of error is:

[tex]E=\frac{|240-200|}{200}\times100=20[/tex]

20%

For trial B, the percent of error is:

[tex]E=\frac{|195-240|}{240}\times100=18.75[/tex]

18.75%

find percentage of data items in a normal distribution that lie between z=1.3 and z=3

Answers

Given:

Here we have z=1.3 and z=3.

Required:

We need to find percentage of data items in a normal distribution that lie between z=1.3 and z=3.

Explanation:

We have z=1.3 and the percentage of z=1.3 is 90.32 % and percentage of z=3 is 99.87 %

now to find between these two values we just need subtract both values

[tex]99.87-90.32=9.55\text{ \%}[/tex]

Final Answer:

9.55 %

A certain company's main source of income is a mobile app.The company's annual profit (in millions of dollars) as a function of the app's price in dollars) is modeled byP(x) = -2(x - 3)(x - 11)What would be the company's profit if the app price is 0 dollars?[ ] million dollars

Answers

The company's annual profit (in millions of dollars) as a function of the app's price in dollars) is modeled by :

P(x) = -2(x - 3)(x - 11)

If the app price is zero : i.e. x = 0

Susbtitute x = 0 in the function of P(x)

P( x ) = -2( x - 3 )( x - 11 )

P( 0 ) = -2( 0 - 3 )( 0 - 11 )

P ( 0 ) = -2(-3)( -11)

P( 0 ) = 6( - 11 )

P( 0 ) = -66

There will be the loss of 66 dollars

Answer : -66 million dollars

Evaluate f(x) = -2x - 3 for x = 3.

Answers

f(x) = -2x - 3

Substituting with x = 3, we get:

f(3) = -2(3) - 3

f(3) = -6 - 3

f(3) = -9

a friend asked lara to help her divide 456.3 by 100 what should lara tell her

Answers

456.3 divided by 100 is 4.563

The quantities x and y are proportional.X= 12, 18, 25Y= 36, 54, 75Find the constant of proportionality (r) in the equation y = rx.Answer: R=?

Answers

hello

to find the constant of proportionality, we should use the formula given

[tex]\begin{gathered} y=rx \\ \end{gathered}[/tex][tex]\begin{gathered} y_1=36 \\ x_1=12 \\ y=rx \\ r=\frac{y}{x} \\ r=\frac{36}{12} \\ r=3 \end{gathered}[/tex]

let's check for another point

[tex]\begin{gathered} y_2=54 \\ x_2=18 \\ y=rx \\ r=\frac{y}{x} \\ r=\frac{54}{18} \\ r=3 \end{gathered}[/tex]

from the calculations above, the value of r is equal to 3

The maximum speed (v) that an automobile can travel around a curve of radius r without skidding is given bythe equationV=(5r/2) ^1/2where v is in miles per hour and r is measured in feet. What is the maximum speed a car can travel around a curve with a radius of 40 feet without skidding? The car can travel up to __ miles an hour.

Answers

Given:

The maximum speed (v) that an automobile can travel around a curve of radius r without skidding is given by the equation:

[tex]v=(\frac{5r}{2})^{\frac{1}{2}}[/tex]

We will find the maximum speed v when r = 40 feet

so, substitute r = 40

[tex]v=(\frac{5*40}{2})^{\frac{1}{2}}=(100)^{\frac{1}{2}}=10[/tex]

So, the answer will be:

The car can travel up to 10 miles per hour.

how do I find the arc of this angle FE

Answers

In the given problem the line DE passes through the center of the circle hence the line DE is the diameter of the circle.

From the property of the circle the angle subtended by the diameter on the circle is a right angle.

Hence angle DFE is 90 degrees.

In triangle DFE,

[tex]\begin{gathered} \angle DFE+\angle EDF+\angle DEF=180^{\circ} \\ 90^{\circ}+\angle EDF+63^{\circ}=180^{\circ} \\ \angle EDF=180^{\circ}-153^{\circ} \\ \angle EDF=27^{\circ} \end{gathered}[/tex]

Thus, the arc FE subtends 27 degrees at the circle.

Alonso is paid $18.20 an hour for a regular 40 hour work week. His overtime rate is 1.5 times his hourly rate. This week, Alonso worked his regular 40 hours plus 10 hours of overtime. What is his total pay? Step 1: Find the straight time pay. Hourly Rate X Regular Hours Worked = Total Straight Time Pay $ х $ Step 2: Find the overtime pay. Overtime Rate X Regular Hours Worked = Total Overtime Pay х = $ I Step 3: Find the straight time pay. Straight Time Pay + Overtime Pay Total Amount Earned $ + $ If $

Answers

For the Step 1: Find the straight time pay.

The statement tells you that Alonso is paid $ 18.2 an hour for a regular workweek. Also, they tell you that Alonso worked his regular 40 hours this week. So,

[tex]\begin{gathered} \text{Hourly Rate X Regular Hours Worked = Total Straight Time Pay} \\ \text{ \$}18.2\cdot40=\text{ \$}728 \end{gathered}[/tex]

Now for the step 2: Find the overtime pay.

The statement tells you that Alonso's overtime rate is 1.5 times his hourly rate. Then you multiply

[tex]\text{ \$}18.2\cdot1.5=\text{ \$}27.3[/tex]

This means that Alonso is paid $ 27.3 per overtime hour worked. So,

[tex]\begin{gathered} \text{ Overtime Rate X Regular Hours Worked = Total Overtime Pay} \\ \text{ \$}27.3\cdot10=\text{\$}273 \\ \text{ because he worked 10 overtime hours} \end{gathered}[/tex]

Finally, for the step 3: Find the straight time pay.

Now, you just have to add what Alonso earned for his 40 regular hours plus what he earned for his 10 overtime hours.

[tex]\begin{gathered} \text{ Striaght Time Pay + Overtime Pay = Total Amount Earned} \\ \text{ \$}728+\text{\$}273=\text{\$}1001 \end{gathered}[/tex]

That means that this week Alonso made a total of $ 1001.

The following table shows the number of ounces of water consumed by several different people during a Fourth of July party at their local park.Select all the statements that correctly describe how the average amount of water will change if Ken's value is excluded from the data sample.A.) The new mean will be 61.75B.) The median will Increase by 2.5C.) The mean and median will both IncreaseD.) The mean will Increase by more than the median

Answers

Answer:

A.) The new mean will be 61.75

Explanation

First we need to find the mean and median of the original data

Given the datas

64, 58, 55, 25, 70

Mean = Sum of data/sample size

Mean = 64+58+55+25+70/5

Mean = 272/5

Mean = 54.4

For the median

Rearrange in ascending order first

25, 55), 58, (64, 70

The number at the middle will be the median

Median = 58

If Ken's value is excluded from the data sample, the remaining data will be;

64, 58, 55, 70

Calculate the new mean

New Mean = 64+58+55+70/4

New Mean = 61.75

Hence if Ken's value is excluded from the data sample, the new mean will be 61.75

Mean Difference = 61.75 - 54.4 = 7.35

This shows that the mean increases if Kens value is excluded

For the new median;

64, 58, 55, 70

New median = 58+55/2 = 56.5

This shows that New median decreases.

Consider the linear equation:2y + 3 = 0Step 1 of 2: Find two points on the line to be graphed.

Answers

Given the linear equation

[tex]2y+3=0[/tex]

To begin with, let us make y the subject of the question

[tex]\begin{gathered} 2y=0-3 \\ 2y=-3 \\ \\ y=-\frac{3}{2} \end{gathered}[/tex]

The graph of the function is given below

The points on the graph include

[tex](0,-1.5)\text{ and (3,-1.5)}[/tex]

For fraction we will have

[tex](0,-\frac{3}{2})\text{ and (}3,-\frac{3}{2}\text{)}[/tex]

Good Evening, Happy Valentine's Day Hi, can you please help with my math problem? Thanks for the help. Have a lovely day. Have a great Sunday. Please help me and Please explain the answer. Can someone please help me with problem 6? Please help

Answers

The answer is because the problem mentions that the lines bisecs each other, this means that after the lines bisecs the products will be segments of the same size, and AC = DB.

What is the volume of the right prism in cubic meters?

Answers

The volume ot the given triangular prims is equal to the product of the triangular base and the lenght of 8 meters. The area of the triangular base (A) is given by

[tex]\begin{gathered} A=\frac{base\times height}{2} \\ A=\frac{3\times2}{2} \\ A=3m^2 \end{gathered}[/tex]

Then, the volume of our triangular prisms is given by

[tex]\begin{gathered} V=A\times length \\ V=3\times8 \\ V=24m^3 \end{gathered}[/tex]

Therefore, the volume is equal to 24 cubic meters.

erik picks a card at random without putting the first car back you pick the second card at random are these two events dependent or independent

Answers

Solution

Dependent events in probability means events whose occurrence of one affect the probability of occurrence of the other. For example suppose a bag has 3 red and 6 green balls. Two balls are drawn from the bag one after the other.

The probability of picking the first card cant affect the probability of picking the second card, hence it is dependent

So

The radius of Circle L is 3m. The length and width of Rectangle M is 12m and 18m, respectively. If Point P will be randomly placed on the image below, what is the probability that the point will be placed within Circle L. Use 3 for Pi in this problem.

Answers

To get the probability of Point P be placed within the circle L, we need to get the ratio between the area covered by the circle and the area covered by the rectangle.

The area of the circle is:

[tex]undefined[/tex]

The temperature of a city, in degrees Fahrenheit, was recorded over a 10-hour period. Consider the function. below that represents the relationship between the temperature and the number of hours, x.Find f(5) and determine what it represents

Answers

The temperature of a city, in degrees Fahrenheit, was recorded over a 10-hour period. Consider the function below that represents the relationship between the temperature and the number of hours, x.



Find f(5) and determine what it represents​

__________________________________

f(5)

First, identify the correct function part

As x= 5

4 < x ≤ 6

So we are going to replace the second function part

f(x) =3x + 48

f(5)= 3*5 +48

f(5) = 15 + 48

f(x) = 63

_________________

Answer

f(x) = 63 ; The temperateru

An object moves at a constant rate of 5 yards in 12 minutes. Enter the distan, in inches rhe object moves in 30 seconds.

Answers

We have, first we need to have all in the same units

1 yard = 36 in

5 yards =180in

1 min =60 sec

12 min=720 sec

With this information we have

180 in -- 720 seconds

? 30 seconds

In order to know the distance in inches in 30 sec

[tex]\frac{30\cdot180}{720}=7.5\text{ in}[/tex]

The distance in 30 seconds is 7.5 inches

The equation of the line through (6, 2) and (8,8) is

Answers

Given the following points that pass through a graph.

Point 1: (6, 2)

Point 2: (8, 8)

Let's determine the equation of the line.

Step 1: Determine the slope.

[tex]\text{ Slope = m = }\frac{y_2\text{ - y}_1}{x_2\text{ - x}_1}[/tex][tex]\text{ = }\frac{8\text{ - 2}}{8\text{ - 6}}\text{ = }\frac{6}{2}[/tex][tex]\text{ Slope = m = 3}[/tex]

Step 2: Let's determine the y-intercept (b). Plugin m = 3 and x,y = 6, 2 in y = mx + b.

[tex]\text{ y = mx + b}[/tex][tex]\text{ 2 = \lparen3\rparen\lparen6\rparen + b}[/tex][tex]\text{ 2 = 18 + b}[/tex][tex]\text{ b = 2 - 18 = -16}[/tex]

Step 3: Let's complete the equation. Plugin m = 3 and b = -16 in y = mx + b.

[tex]\text{ y = mx + b}[/tex][tex]\text{ y = \lparen3\rparen x + \lparen-16\rparen}[/tex][tex]\text{ y = 3x - 16}[/tex]

Therefore, the equation of the line is y = 3x - 16

show step by step for solving 4(k-2) = 2(k-9)

Answers

4(k-2) = 2(k-9)



open the parentheses

4k - 8 = 2k - 18

subtract 2k from both-side of the equation

4k - 2k - 8 = 2k - 2k - 18

2k - 8 = -18

Add 8 to both-side of the equation

2k - 8 + 8 = -18 + 8

2k = -10

Divide both-side of the equation by 2

k = -10/2

k= -5

Solve for all values of x in simplest form. -|4x + 3] + 3 = -6

Answers

Solve for all values of x in the simplest form.

-|4x + 3] + 3 = -6​

__________________

Can you see the updates?

_________________________

ok

_______________

-|4x + 3] + 3 = -6​

-4x (-3 + 3) = -6​

-4x = -6

x= 6/4

x= 3/2

______________

Answer

x= 3/2

____________

Do you have any questions regarding the solution?

A spinner has three unequal sections: red, yellow, and blue. The table shows the results of Nolan's spins. Find the experimental probability of landing on each color. Enter your answers as simplified fractions.

Answers

we have that

The total Nolan's spin is equal to

(13+16+9)=38 spins

probability of landing on red

P=13/38

probability of landing on yellow

P=16/38

simplify

P=8/19

probability of landing on blue

P=9/38

The solution to -2x/3+7<15 is the set1. x>-122. x<-63. x>334. x<-10

Answers

[tex]-\frac{2}{3}x+7<15[/tex]

multiply both sides of the inequality by 3

[tex]\begin{gathered} 3\cdot(-\frac{2}{3}x+7)<15\cdot3 \\ -2x+21<45 \end{gathered}[/tex]

bring all constants to the right of the inequality

[tex]\begin{gathered} -2x<45-21 \\ -2x<24 \end{gathered}[/tex]

divide by -2 both sides of the inequality and invert the sign

[tex]\begin{gathered} x>\frac{24}{-2} \\ x>-12 \end{gathered}[/tex]

The us federal debt at the end of 2001 was 5.77 trillion and gre to 6.20 trillion by the end of 2002 at the end of 2005 it was 7.91 trillion and grew to 8.45 trillion by the end of 2006 calculate the absolute and relative increase for 2001-2002 and 2005-2006 which year saw a larger increase in federal debt?

Answers

ANSWER:

2001-2002

Absolute increase: 0.43 trilion

Relative increase: 7.45%

2005-2006

Absolute increase: 0.54 trilion

Relative increase: 6.83%

In the period 2001-2002 it is the larger increase in federal debt as a percentage and in terms of money, the larger increase was the period 2005-2006.

STEP-BY-STEP EXPLANATION:

The absolute increase is the difference between both values and the relative increase would be the percentage of increase between the values.

Therefore, we calculate both increments in both cases:

Period 2001-2002 (in trillions):

[tex]\begin{gathered} I_A=6.20-5.77=0.43 \\ I_R=\frac{6.20-5.77}{5.77}\cdot100=7.45\text{\%} \end{gathered}[/tex]

Period 2005-2006 (in trillions):

[tex]\begin{gathered} I_A=8.45-7.91=0.54 \\ I_R=\frac{8.45-7.91}{7.91}\cdot100=6.83\text{\%} \end{gathered}[/tex]

Therefore in the period 2001-2002 the absolute increase is 0.43 trillion and in the period 2005-2006 it is 0.54 trillion.

But the relative increase is 7.45% and 6.83%, respectively, therefore we can say that the larger increase occurred in the period 2001-2002 percentage and if we take into account the numerical value, the value is greater in the period 2005-2006, therefore in terms of money the increase is larger in this period

6 quarts = gallons A 11 B 3 С 12 D 24

Answers

1 quart = 0.25 gallon

6 quarts = x

x = 6 (0.25) = 1.5

Therefore,

[tex]6\text{ quarts = 1}\frac{1}{2}\text{ gallons}[/tex]

Which equation has no solution?Group of answer choices4(x + 2) = 4(x+3)−2(x+1)=3x−2−5x4(x+1)−7x=−3(x−1)+1−5(x−7)=2(2x+3)+x+7

Answers

An equation without solutions is an equality which gives a false result like 1=0 or 3=4.

In this case, the first equation has no solution, let's prove it

[tex]\begin{gathered} 4(x+2)=4(x+3) \\ 4x+8=4x+12 \\ 8=12 \end{gathered}[/tex]

As you can observe, the solution is not true which means the equation has no solutions at all.

Therefore, the answer is the first equation.

The given table shows the estimated number of internet users from 2001 to 2009. The number of users for each year is shown inmillions.YearInternet Users (in millions)Step 2 of 2: Find the slope of the line segment that represents the change in internet users from the year 2007 to 2009. (Round youranswer to two decimal places, if necessary.)

Answers

Solution

we have the following data:

Year Users

2001 155

2004 190

2007 220

2009 230

And we want to find the slope between 2007 and 2009 so we can do this:

[tex]m=\frac{230-220}{2009-2007}=5[/tex]

Make the following conversion in the metric system by multiplying by the appropriate conversion factor. Write your answer as a whole number or decimal.6 dm to millimeters ?mm

Answers

The appropiate conversion factor for this problem is:

[tex]\frac{100\operatorname{mm}}{1dm}[/tex]

Multiply the number by the given conversion factor:

[tex]6dm\cdot\frac{100\operatorname{mm}}{1dm}=600\operatorname{mm}[/tex]

The answer is 600mm.

What is the solution to the equation below?A.x = 6B.x = 3C.x = 1D.x = 4

Answers

Given:

An equation is given as

[tex]\sqrt{x+3}=x-3[/tex]

Find:

we have to solve the given equation for value of x.

Explanation:

we will solve the given equation as following

[tex]\begin{gathered} \sqrt{x+3}=x-3 \\ squaring\text{ both sides, we get} \\ x+3=x^2+9-6x \\ x^2-6x-x+9-3=0 \\ x^2-7x+6=0 \\ x^2-6x-x+6=0 \\ x(x-6)-1(x-6)=0 \\ (x-6)(x-1)=0 \\ x=6,1 \end{gathered}[/tex]

Now we will verify the solutions as

when x = 6

[tex]\begin{gathered} \sqrt{6+3}=6-3 \\ \sqrt{9}=3 \\ 3=3 \end{gathered}[/tex]

Therefore, x = 6 is the solution of given equation.

When x = 1

[tex]\begin{gathered} \sqrt{1+3}=1-3 \\ \sqrt{4}=-2 \\ 2\ne-2 \end{gathered}[/tex]

Therefore, x = 6 is the true solution of given equation.

Therefore, correct option is A, i.e. x = 6

I need help with math

Answers

The question can be answered directly by exploiting one of the given conditions in our question which is, the width must have a minimum of 3.2 meters.

For the LOGO 1 we have a with of 12 cm, with the scale 1 cm = 0.4 meters. Therefore our real with is;

Width 1 = 12 cm (0.4 m / 1 cm) = 4.8 m , therefore it satisfy our condition that it must have a minimum width of 3.2 meters.

while;

For the LOGO 2, we have a width of 10 cm with the scale 1 cm = 0.3 meters. Therefore our real width is;

Width 2 = 10 cm (0.3 m / 1 cm) = 3 m, making the width of our LOGO 2 not enough for our condition that the width must have a minimum of 3.2 meters.

By that alone only LOGO 1 meets the building requirements of our logo, making LOGO 1 as our answer.

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Suppose Diana Places $4500 In An Account That Pays 8% Interest Compounded Each Year. Assume That No Withdrawals (2024)

FAQs

How much would $200 invested at 4% interest compounded continuously be worth after 8 years? ›

The worth of $200 invested at 4% interest compounded monthly after 8 years would be $275.28.

How much would $150 invested at 8% interest compounded continuously be worth after 17 years? ›

A sum of money (i.e. Principal) is $\$ 150$ which is invested at compounded interest (which means we have to use the above formula) at $8\% $ per annum for 17 years. Hence, if $\$ 150$ is invested at $8\% $ interest compounded continuously then its worth after 17 years will be $ \$ 555 $.

What is the approximate annual interest rate compounded annually if your money will double in 8 years if it is put in a savings account? ›

For example, if you want to double your money in eight years, divide 72 by eight. This tells you that you need an average annual return of 9% to double your money in that time.

What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly? ›

Question: What rate of interest compounded annually is the same as the rate of interest 8% compounded quarterly? 8.24%

What is the future value of $800 at 8% after 6 years? ›

The future value of $800 at 8 percent after six years equals $1,269.50. Where, PV = Present value = $800. i = interest rate = 8%

How long will it take $4000 to grow to $9000 if it is invested at 7% compounded monthly? ›

Expert-Verified Answer

- At 7% compounded monthly, it will take approximately 11.6 years for $4,000 to grow to $9,000. - At 6% compounded quarterly, it will take approximately 13.6 years for $4,000 to grow to $9,000.

How long will it take for $5000 to accumulate to $8000 if it is invested at an interest rate of 7.5 %/a compounded annually? ›

To calculate how long it will take for $5000 to grow to $8000 with an annual compound interest rate of 7.5%, we use the compound interest formula, and solve for time 't', which is approximately 6.5 years. Therefore, the correct answer is option c. 6.5 years.

What's the future value of an $1000 investment compounded at 8% semiannually for five years? ›

Answer and Explanation:

The future value of a $1000 investment today at 8 percent annual interest compounded semiannually for 5 years is $1,480.24.

What is $5000 invested for 10 years at 10 percent compounded annually? ›

Answer and Explanation:

Invested amount or present value (PV) = $5,000. The future value of the investment is $12,968.71. It is the accumulated value of investing $5,000 for 10 years at a rate of 10% compound interest.

What is 5000 for 2 years at 8% per annum compounded annually? ›

Period (n) = 2 yearsAmount (A) = P (1+R100)n=Rs. 5000(1+8100)2=Rs. 5000×2725×2725=Rs. 5832∴ C.I.

How long will it take $7000 to double if you earn 8% interest? ›

For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money. Note that a compound annual return of 8% is plugged into this equation as 8, and not 0.08, giving a result of nine years (and not 900).

How long does it take $450 to double at a simple interest rate of 14? ›

It takes approximately 7.14 years for an amount of $450 to double at a simple interest rate of 14%.

What is 8% compounded annually? ›

The math for compound interest is simple: Principal x interest = new balance. For example, a $10,000 investment that returns 8% every year, is worth $10,800 ($10,000 principal x . 08 interest = $10,800) after the first year. It grows to $11,664 ($10,800 principal x .

What is the effective rate of 8% compounded quarterly? ›

The calculated value of the effective rate is 8.24%.

How to calculate annual compound interest? ›

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial principal or amount of the loan is then subtracted from the resulting value. Katie Kerpel {Copyright} Investopedia, 2019.

How much would $500 invested at 4% interest compounded continuously? ›

Answer. In this case, the principal amount (P) is $500, the interest rate (r) is 4% or 0.04 (as a decimal), and the time period (t) is 10 years. Therefore, $500 invested at a 4% interest rate compounded continuously would be worth approximately $745.91 after 10 years, rounded to the nearest cent.

What is 4% interest on $200? ›

The 4% of interest of $200.00 is equal to $8. How much this interest will be worth after 30 years? 30 years are equal to 360 months, for in this term of time, the interest of $8 per month will adds up to $ 2,880.00, given from multiplying 360 per 8, or 12 per 8, the term of a year, equal to96, and this last one per 30.

How long will it take money to double at 4% continuously compounding interest? ›

Suppose a fixed-rate investment guarantees 4% continuously compounding growth. By applying the rule of 69.3 formula and dividing 69.3 by 4, you can find that the initial investment should double in value in 17.325 years.

How much would 200 invested at 6 interest compounded continuously be worth after 6 years? ›

V(6)= 200*(1.06)^6 = 283.70.

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