Solution

Solution

Solution steps
Translate the problem into an equation
Solve the equation

Popular Examples

David invested 89,000 in an account paying an interest rate of 3.1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 15 years?the sum of two numbers is 31. the second number is 5 less than twice the first numberDominic invested 8,600 in an account paying an interest rate of 2.2% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 9,600?Suppose that you randomly draw one card from a standard deck of 52 cards. After writing down which card was drawn, you place the card back in the deck, shuffle the deck, and draw another card. You repeat this process until you have drawn 12 cards in all. What is the probability of drawing at least 6 diamonds?Logan invested 180 in an account paying an interest rate of 2.6% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 12 years?