Cynthia invests some money in a bank answer
WebJun 21, 2024 · Correct answer - 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 yea 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 answer
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WebOther Math questions and answers; The Problem: Over the next 10 years, Dodie wants to invest some money in an annuity. Her bank gives her three options. Option 1: She can have a fixed rate of 6% for the 10 year period of her investment. Option 2: Her interest rate will be 4% for the first 5 years and 8% for the last 5 years. WebCynthia 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 Video Answer:
WebMay 8, 2024 · Cynthia invests some money in a bank which ways 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 See answer Advertisement Advertisement babygirlgoho babygirlgoho Answer: WebSuppose that we deposit $1000 in a bank account offering 3% interest, compounded monthly. How will our money grow? The 3% interest is an annual percentage rate (APR) – the total interest to be paid during the year. Since interest is being paid monthly, each month, we will earn [latex]\frac{3%}{12}[/latex]= 0.25% per month. In the first month,
WebJun 21, 2024 · Cynthia invests some money in a bank which pays 5% - Gauthmath. Math Resources /. algebra /. word problem /. Cynthia invests some money in a bank which … Web(answer decimal places) L" 2 Coll Winjcw CRV; VTF-8 121A 306 Jue1 J4 INTL. Discussion. You must be signed in to discuss. Video Transcript. Let XII. ... 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
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.
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. solid wood carved coffee tableWebDec 16, 2024 · answers to question: 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 … solid wood cat trees and condosWebJun 21, 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... Answer Chemistry, 26.01.2024 23:31 Answer Mathematics, 26.01.2024 23:31 Answer English, 26.01.2024 23:31 Answer Mathematics, 26.01.2024 23:31 Answer small and medium sized enterprises ukWebOct 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 solid wood carved bedWebMar 2, 2024 · High School answered 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 … solid wood cat perchWebCynthia 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 solid wood cd storage cabinetsWebSep 20, 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 … solid wood cat trees for large cats