WebLet be the amount Bryan invested in the certificate of deposit. Then he deposited in a savings account. 8% of the amount in the certificate of deposit is , and 3% of the amount in the savings account is ; add these interest amounts to get $365.00. Therefore, we can set up and solve the equation: Web1 day ago · $220.35 Price as of April 13, 2024, 4:00 p.m. ET You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
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WebBusiness Finance David invested $68,000 in an account paying an interest rate of 5.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $93,000? David invested $68,000 in an account paying an interest rate of 5.5% compounded daily. WebJan 4, 2024 · 5. Cash Management Account. Good for: People who want to keep cash available to invest in their brokerage or retirement account.. Cash management accounts are different from other types of savings ... biren and co
David invested $220 in a savings account that offers a 3
WebDavid opened a savings account that pays 1.7 percent interest annually. If his initial deposit is $250, how much interest will he earn in 3 months? $1.06 If $10,000 is … WebSOLVED: David invested 220 in a savings account that offers a 3% return on the investment. Hint: Use the formula A = P(1 + r)t, where A is the amount after t years, P is … WebJul 21, 2024 · David invested $230 in a savings account that offers a 3% return on the investment. The value of David's investment will be at least $415 after a period of years. Hint: Use the formula A = P (1 + r), where A is the amount after tyears, P is the amount invested, r is the rate of interest, and t is the time period. dancing animated images