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Sladkaya [172]
2 years ago
14

If $300 is invested at a rate of 5% per year and is compounded quarterly how much will the investment be worth in 15 years?

Mathematics
1 answer:
dimulka [17.4K]2 years ago
5 0

Answer:

In 15 years the final balance will be $632.15

Step-by-step explanation:

The final balance would be $632.15 and the total compound interest would be $332.15. If you have trouble with these kind of questions in the future I suggest using a compound interest calculator that can be found online :)

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an investor received $1400 interest per annum from a sum of money, with part of it invested at 10% and the remainder at 7% simpl
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Answer:


Step-by-step explanation:

let x be one part of the money invested.

let y be the other part of the money invested.

x *(10/100) -- amount on 10% of interest per annum

y*(7/100)- amount invested on 7% of interest per annum

x *(10/100) + y*(7/100) =1400

on simplifying it

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On interchanging the interest rate on x amount and y amount of the investor

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So our total amount invested is 17000


3 0
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