3200 dollars is placed in an account with an annual interest rate of 8%. To the nearest tenth of a year, how long will it take for the account value to reach 9000 dollars?

Solución

Solución

Time : 22.66

Pasos de solución

Translate the problem into an equation:

9000 = 3200 (1 + 0.08 t)

Resolver para

t, 9000 = 3200 (1 + 0.08 t) : t = 22.66

Time : 22.66

Ejemplos populares

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