ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

how long will it take a 3000 investment to grow to 3381 at an annual rate of 7.2%, compounded monthly

الحلّ

h o w l o n g w i ll i t t ak e a 3000 in v es t m e n t t o g ro w t o 3381 a t an ann u a l r a t e o f 7.2%, co m p o u n d e d m o n t h l y

الحلّ

Time : 1.67

خطوات الحلّ

Translate the problem into an equation:

3381 = 3000 (1 + \frac{0.072}{12})^{12 t}

3381 = 3000 (1 + \frac{0.072}{12})^{12 t}, t

حلّ لـ:

t = 1.67

Time : 1.67

أمثلة شائعة

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?The radius of a circle is 11 in. Find its area in terms of pipi.I thought of a number. Four times the number increased by 30 equals 70 decreased by the number. What was my number?A person invests 4000 dollars in a bank. The bank pays 5.5% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 5600 dollars?