You want to buy a new car that costs 45,000. You have 34,897 in your account that has been saved already. The account earns 6% continuous interest. If you leave the account alone, how many years will it take for the money to grow to the needed amount?

Solución

You want to buy a new car that costs 45, 000. You have 34, 897 in your account that has been saved already. The account earns 6% continuous interest. If you leave the account alone, how many years will it take for the money to grow to the needed amount?

Solución

Time : 4.24

Pasos de solución

Translate the problem into an equation:

45000 = 34897 e^{0.06 t}

Resolver para

t, 45000 = 34897 e^{0.06 t} : t = 4.24

Time : 4.24

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