pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Keisha deposited 5000 into an account with a 9% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to 7770?

Solução

Ke i s ha d e p os i t e d 5000 in t o an a cco u n t w i t h a 9% ann u a l in t eres t r a t e, co m p o u n d e d m o n t h l y . A ss u min g t ha t n o w i t h d r a w a l s a re ma d e, h o w l o n g w i ll i t t ak e f or t h e in v es t m e n t t o g ro w t o 7770 ?

Solução

Time : 4.92

Passos da solução

Translate the problem into an equation:

7770 = 5000 (1 + \frac{0.09}{12})^{12 t}

Resolver para

t, 7770 = 5000 (1 + \frac{0.09}{12})^{12 t} : t = 4.92

Time : 4.92

Exemplos populares

Meena read 2 books in 5 months. What was her rate of reading, in books per month? Give your answer as a whole number or a FRACTION in simplest form.Calculate the perimeter of a square room with an área of 81m^2 The circunferência of a circle is 3𝜋 kilometers. What is the radius?Eight more than the quotient of a number and-5 less than or equal to 6 one fifth of a number is at most 30