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Beliebt Word Problems >

How much time does it take for a 1,100 investment to grow to 3,300 in an account compounded annually at 4.4%.

Lösung

Ho w m u c h t im e d oes i t t ak e f or a 1, 100 in v es t m e n t t o g ro w t o 3, 300 in an a cco u n t co m p o u n d e d ann u a ll y a t 4.4%.

Lösung

Time : 25.51

Schritte zur Lösung

Translate the problem into an equation:

3300 = 1100 (1 + \frac{0.044}{1})^{1 \cdot t}

Löse nach

t, 3300 = 1100 (1 + \frac{0.044}{1})^{1 \cdot t} : t = 25.51

Time : 25.51

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