2100 dollars is placed in an account with an annual interest rate of 5%. To the nearest year, how long will it take for the account value to reach 5100 dollars?

Solución

Solución

Time : 28.57

Pasos de solución

Translate the problem into an equation:

5100 = 2100 (1 + 0.05 t)

Resolver para

t, 5100 = 2100 (1 + 0.05 t) : t = 28.57

Time : 28.57

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