If you 2
If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long will it take for the account to have $10000?
Correct answer:
Showing 1 comment:
Math student
Hi, what is the easiest way in calculating initial deposit (without multipliers but with the presence of other values like interest rate, final balance and year)?
Tips for related online calculators
Do you have a linear equation or system of equations and are looking for its solution? Or do you have a quadratic equation?
Do you want to round the number?
Do you want to convert time units like minutes to seconds?
Do you want to round the number?
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
algebraarithmeticbasic operations and conceptsUnits of physical quantitiesGrade of the word problem
Related math problems and questions:
- Compound Interest
If you deposit $6000 in an account paying 6.5% annual interest compounded quarterly, how long will it take for the account to have $12600? - How much 2
How much money would you need to deposit today at 5% annual interest compounded monthly to have $2000 in the account after nine years? - If you 4
If you deposit $2500 in an account paying 11% annual interest compounded quarterly, how long until there is the $4500 in the account? - Wendy
Wendy deposits R6500 into an account, paying 8% annual interest compounded monthly. How much money will be in her account after 84 months of paying 8% annual interest compounded continuously? - Semiannually compound interest If you deposit $ 5,000 into an account paying 8.25% annual interest compounded semiannually, how long until there is $9350 in the account?
- Interest compounded annually
If you deposit $4500 at 5% annual interest compounded annually, how much money will be in the account after ten years? - Bank
Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he does not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.
