en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

in how much time will a sum of 1600 amount to 1852.20 at 5% per annum compound interest

Solution

in h o w m u c h t im e w i ll a s u m o f 1600 am o u n t t o 1852.20 a t 5% p er ann u m co m p o u n d in t eres t

Solution

Time : 3

Solution steps

Translate the problem into an equation:

1852.2 = 1600 (1 + \frac{0.05}{1})^{1 \cdot t}

Solve for

t, 1852.2 = 1600 (1 + \frac{0.05}{1})^{1 \cdot t} : t = 3

Time : 3

Popular Examples

three times a number, minus 6, is equal to two times the number, plus 8 A person invests 5500 dollars in a bank. The bank pays 4.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 8600 dollars?Find the selling price for each item given the cost and the percent of the mark up or discount. 12 for a book; 45% mark up The radius of a circle is 11 cm. Find its circumference in terms of pipi.95% of what number is 57