Find the compound amount
[DOC File]Simple and Compound Interest Worksheet
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Use the following situations to find . when. an account will reach a certain amount of money. (hint use your graphing calculator) 21. You invest $1,000 at a fixed rate of 7% compounded monthly, when will your account reach $10,000? (round to the nearest year) 22. You purchase a house for $250,000 which increases in value every year at 4.5%.
[DOC File]Name
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7. To find the percent by mass of an element in a compound, divide the mass of the element by the , then multiply by 100%. 8. The of a compound gives the lowest whole-number ratio of the atoms or moles of the elements in a compound. 9. The of a molecular compound is the same as, or a whole- number multiple of, the empirical formula of the compound.
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Example 12: Find the compound amount, which would be obtained from an interest of Rs.2000 at 6% compounded quarterly for 5 years. Solution: Let Principal = 2000 r = 6% Example 13: Find compound interest on Rs.2500 invested at 6% per annually, compound semi-annually for 8 years. Solution: Let Principal = 2500 r =6% We know that Compound interest ...
[DOC File]Empirical and Molecular Formulas
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To find the empirical formula of a compound: Divide the amount of each element (either in mass or percentage) by its atomic mass. This calculation gives you moles of atoms for each element that appears in the formula . Convert the results to small whole number ratios.
[DOC File]MATH 120: Intermediate Algebra
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Find the compound amount and compounded interest. Consider a loan of $25,000 for 2 years at compounded monthly. Find the compound amount and compounded interest. Suppose $15,000 is placed in a savings account that earns interest at the rate of 3.5% compounded monthly. What is the value of the account at the end of 5 years?
[DOC File]Simple and Compound Interest
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7. Sarah invested $150 at 8% simple interest. What is the total amount of money after 3 years? 7. _____ 8. Ben borrowed $800 at 9% simple interest for 2 years. What is the total amount he must repay? 8. _____ 9. Lindsey sold stationery to her family and her mother’s friends. She deposited the $125 she earned in a savings account.
[DOC File]Compound Interest Formula:
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4) Find the amount that results from each investment: a) $100 invested at 4% compounded quarterly after a period of 2 years. b) $50 invested at 6% compounded monthly after a period of 3 years. 5) Find the principal needed now to get each amount, that is, find the present value. a) To earn $100 after 2 years at 6% compounded monthly.
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