de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

how long it will take an initial investment of 11,500 to grow to 35,650, if the account earns 5.7% interest per year, compounded monthly. Round the solution to two decimal places.

Lösung

h o w l o n g i t w i ll t ak e an ini t ia l in v es t m e n t o f 11, 500 t o g ro w t o 35, 650, i f t h e a cco u n t e a r n s 5.7% in t eres t p er ye a r, co m p o u n d e d m o n t h l y . R o u n d t h e so l u t i o n t o tw o d ec ima l pl a ces .

Lösung

Time : 19.9

Schritte zur Lösung

Translate the problem into an equation:

35650 = 11500 (1 + \frac{0.057}{12})^{12 t}

Löse nach

t, 35650 = 11500 (1 + \frac{0.057}{12})^{12 t} : t = 19.89626 \dots

Time : 19.89626 \dots

Round

19.89626 \dots

to the nearest 2 decimal places:

19.9

Time : 19.9

Beliebte Beispiele

three times a number increased by seven is less than eleven Gabrielle's age is three times Mikhail's age. The sum of their ages is 76. What is Mikhail's age?:years old The radius of a kreis is 19 m. Find its area to the nearest whole number. without pi A cube has an edge length of 14m. What is its volumen The bill is 70.11. Find the amount of a 10% tip.