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Popular Word Problems >

Ximena is going to invest in an account paying an interest rate of 2.2% compounded continuously. How much would Ximena need to invest, to the nearest ten dollars, for the value of the account to reach 5,100 in 6 years?

Solución

X im e na i s g o in g t o in v es t in an a cco u n t p a y in g an in t eres t r a t e o f 2.2% co m p o u n d e d co n t in u o u s l y . Ho w m u c h w o u l d X im e na n ee d t o in v es t, t o t h e n e a res t t e n d o ll a rs, f or t h e v a l u e o f t h e a cco u n t t o re a c h 5, 100 in 6 ye a rs ?

Solución

Principal : 4469.34

Pasos de solución

Translate the problem into an equation:

5100 = P e^{0.022 \cdot 6}

Resolver para

P, 5100 = P e^{0.022 \cdot 6} : P = 4469.34

Principal : 4469.34

Ejemplos populares

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