ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Joseph invested 89,000 in an account paying an interest rate of 6.6% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach 237,600?

Решение

J ose p h in v es t e d 89, 000 in an a cco u n t p a y in g an in t eres t r a t e o f 6.6% co m p o u n d e d q u a r t er l y . A ss u min g n o d e p os i t s or w i t h d r a w a l s a re ma d e, h o w l o n g w o u l d i t t ak e, t o t h e n e a res t t e n t h o f a ye a r, f or t h e v a l u e o f t h e a cco u n t t o re a c h 237, 600 ?

Решение

Time : 15

Шаги решения

Translate the problem into an equation:

237600 = 89000 (1 + \frac{0.066}{4})^{4 t}

Решите для

t, 237600 = 89000 (1 + \frac{0.066}{4})^{4 t} : t = 15

Time : 15

Популярные примеры

6 times the sum of 1 and some number is 84 Camden invested 7,200 in an account paying an interest rate of 4.4% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 13,140?how long will it take a 3000 investment to grow to 3381 at an annual rate of 7.2%, compounded monthly Huilan is 7 years younger than Thomas. The sum of their ages is 71. What is thomas's age?A customer purchased an electronic device for 650. Each year the value of the electronic device decreases by 30%. Which statement is true about the graph that represents the relationship between the value of the device in dollars, y, and the number of years, x , since the device was purchased?