it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

How much time will be needed for 21, 000 to grow to 25, 107.98 if deposited at 6 % compounded quarterly?

Soluzione

Ho w m u c h t im e w i ll b e n ee d e d f or 21, 000 t o g ro w t o 25, 107.98 i f d e p os i t e d a t 6 % co m p o u n d e d q u a r t er l y ​ ?

Soluzione

Time : 3

Fasi della soluzione

Translate the problem into an equation:

25107.98 = 21000 (1 + \frac{0.06}{4})^{4 t}

Risolvi per

t, 25107.98 = 21000 (1 + \frac{0.06}{4})^{4 t} : t = 3

Time : 3

Esempi popolari

17% of what number is 0.7 Stacy opened a savings account and deposited 500.00 as principal. The account earns 5% interest, compounded monthly. How much interest will she earn after 4 years?Round your answer to the nearest cent.two times the sum of a number and 9 Phil is Tom's father. Phil is 35 years old. Three years ago, Phil was four times as old as his son back then. How old is Tom now?Raymond puts 700.00 into an account to use for school expenses. The account earns 5% interest, compounded monthly. How much will be in the account after 10 years?