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Beliebt Word Problems >

if i invest 7000 at 7.2% per year compounded daily. how many years will it take for my investment to reach 8000

Lösung

i f i in v es t 7000 a t 7.2% p er ye a r co m p o u n d e d d ai l y . h o w man y ye a rs w i ll i t t ak e f or m y in v es t m e n t t o re a c h 8000

Lösung

Time : 1.85

Schritte zur Lösung

Translate the problem into an equation:

8000 = 7000 (1 + \frac{0.072}{365})^{365 t}

Löse nach

t, 8000 = 7000 (1 + \frac{0.072}{365})^{365 t} : t = 1.85

Time : 1.85

Beliebte Beispiele

1 less than a doubled number is equivalent to 5 more than 3 lots of the number.six more than the product of a number and 3 is equal to 8.The differenz between a number and 13 is:-29 . Find the number.A number is at most 12 Five less than a number is 22