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Problem 1269

If $$\$ 100$$ is invested at \(3 \%\) interest compounded annually, how much will it amount to at the end of 18 yrs.?

Expert verified

After investing \(\$100\) at a \(3\%\) annual interest rate compounded annually for 18 years, the final amount will be approximately \(\$170.80\).

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Chapter 46

A man invests $$\$ 9,000,$$ part at \(3 \%\) and rest at \(4 \%\). If his total income from the two investments is $$\$ 295,$$ how much did he invest at each rate?

Chapter 46

A man wishes to invest a part of $$\$ 4200$$ in stocks earning \(4 \%\) dividends and the remainder in bonds paying \(2+(1 / 2) \%\). How much must he invest in stocks to receive an average return of \(3 \%\) on the whole amount of money?

Chapter 46

A man made two investments amounting to a total of $$\$ 5000.$$ On the first he gained \(8 \%\) and on the second he lost \(3 \%\). His net gain on the two investments was $$\$ 70.$$ What was the amount of each investment?

Chapter 46

$$\$ 10,000$$ is to be invested for one year. A part of the $$\$ 10,000$$ is invested at \(6 \%\) and the remainder at \(7 \%\). The income from the $$\$ 10,000$$ is $$\$ 640$$ per year. Find the amount invested at each rate.

Chapter 46

A man invested $$\$ 7,800,$$ part at \(6 \%\) and part at \(4 \%\). If the income of the \(4 \%\) investment exceeded the investment at \(6 \%\) by $$\$ 92,$$ how much was invested at each rate?

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