5100 dollars is placed in an account with an annual interest rate of 7%. To the nearest year, how long will it take for the account value to reach 24000 dollars

Solución

Solución

Time : 52.94

Pasos de solución

Translate the problem into an equation:

24000 = 5100 (1 + 0.07 t)

Resolver para

t, 24000 = 5100 (1 + 0.07 t) : t = 52.94

Time : 52.94

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