de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

claire invested 2400 in an account paying an interest rate of 3.5% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 4490

Lösung

c l ai re in v es t e d 2400 in an a cco u n t p a y in g an in t eres t r a t e o f 3.5% co m p o u n d e d m o n t h l y . A ss u min g n o d e p os i t s or w i t h d r a w a l s a re ma d e, h o w l o n g w o u l d i t t ak e, t o t h e n e a res t ye a r, f or t h e v a l u e o f t h e a cco u n t t o re a c h 4490

Lösung

Time : 17.92

Schritte zur Lösung

Translate the problem into an equation:

4490 = 2400 (1 + \frac{0.035}{12})^{12 t}

Löse nach

t, 4490 = 2400 (1 + \frac{0.035}{12})^{12 t} : t = 17.92

Time : 17.92

Beliebte Beispiele

A racing car travels 340 mi in 120 minutes. What speed is it traveling at?Mandy is saving up money to buy a car. Mandy puts 7,100.00 into an account which earns 1% interest, compounded annually. How much will she have in the account after 10 years?Sam borrowed 4, 500 for 2 years and had to pay 630 simple interest at the end of that time. What rate of interest did he pay?Nick, a professional golfer, had an durchschnitt score of 75 points last season. This season, however, his durchschnitt score has been 8% higher. What is Nick's current durchschnitt score?The sum of two numbers is 9 , and the differenz of the numbers is 1 . Write a system of equations to represent this situation. Then solve the system to find the numbers.