fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

4500 dollars is placed in an account with an annual interest rate of 7%. To the nearest tenth of a year, how long will it take for the account value to reach 10800 dollars?

Solution

4500 d o ll a rs i s pl a ce d in an a cco u n t w i t h an ann u a l in t eres t r a t e o f 7%. T o t h e n e a res t t e n t h o f a ye a r, h o w l o n g w i ll i t t ak e f or t h e a cco u n t v a l u e t o re a c h 10800 d o ll a rs ?

Solution

Time : 20

étapes des solutions

Translate the problem into an equation:

10800 = 4500 (1 + 0.07 t)

Solutionner pour

t, 10800 = 4500 (1 + 0.07 t) : t = 20

Time : 20

Exemples populaires

A poker hand consisting of 4 cards is dealt from a standard deck of 52 cards. Find the probability that the hand contains exactly 3 face cards.Round your answer to 4 decimal places as needed.the product of a number and ten is six Jenna opened a savings account and deposited 710.00. The account earns 13.06% interest, compounded annually. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?Harper invested 3,200 in an account paying an interest rate of 7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 6 years?three more than the quotient of a number and 2 is equal to 9