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Unformatted text preview: interest. Find the interest rate. 8. Find the time it would take for $15,000 to triple with 3% interest com-pounded monthly. 9. Jules Winneld wants to have $350,000 in 6 years. If he can earn 6.2% interest compounded semiannually, how much should he put away today? 10. Marcellus Wallace deposits $95 at the end of each month into a savings account that pays 3% interest compounded monthly. After 12 years, how much is in his account? How much of it is interest he earned? 11. Jimmie Dimmick wants to save up for a car by putting money into a savings account at the end of each quarter. His bank oers 4% compounded quarterly. If he wants to buy a $10,000 car in 3 years, how much does he need to put away each month? 2...
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