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Beliebt Word Problems >

You plan to start your own business and are investing today to grow some seed money. You have 16912 to invest and aim to have 26087 in 9 years. What interest rate must you earn to meet your goal?

Lösung

Y o u pl an t o s t a r t yo u r o w n b u s in ess an d a re in v es t in g t o d a y t o g ro w so m e see d m o n ey . Y o u ha v e 16912 t o in v es t an d aim t o ha v e 26087 in 9 ye a rs . Wha t in t eres t r a t e m u s t yo u e a r n t o m ee t yo u r g o a l ?

Lösung

Rate : 6.02793 \dots %

Schritte zur Lösung

Translate the problem into an equation:

26087 = 16912 (1 + r \cdot 9)

Löse nach

r, 26087 = 16912 (1 + r \cdot 9) : r = 6.02793 \dots %

Rate : 6.02793 \dots %

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