de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Dominic invested 8,600 in an account paying an interest rate of 2.2% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 9,600?

Lösung

Do mini c in v es t e d 8, 600 in an a cco u n t p a y in g an in t eres t r a t e o f 2.2% co m p o u n d e d d ai 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 9, 600 ?

Lösung

Time : 5

Schritte zur Lösung

Translate the problem into an equation:

9600 = 8600 (1 + \frac{0.022}{365})^{365 t}

Löse nach

t, 9600 = 8600 (1 + \frac{0.022}{365})^{365 t} : t = 5

Time : 5

Beliebte Beispiele

Suppose that you randomly draw one card from a standard deck of 52 cards. After writing down which card was drawn, you place the card back in the deck, shuffle the deck, and draw another card. You repeat this process until you have drawn 12 cards in all. What is the probability of drawing at least 6 diamonds?Logan invested 180 in an account paying an interest rate of 2.6% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 12 years?The radius of a kreis is 13 in. Find its area to the nearest whole number.Lily invested 90,000 in an account paying an interest rate of 4.6% compounded annually. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 221,200?the sum of 6 times a number and 3 is 4