pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Chase invested 39,000 in an account paying an interest rate of 3.2% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach 66,100?

Solução

C ha se in v es t e d 39, 000 in an a cco u n t p a y in g an in t eres t r a t e o f 3.2% co m p o u n d e d d ai l y . A ss u min g n o d e p os i t s or w i t h d r a w a l s a re ma d e, h o w l o n g w o u l d i t t ak e, t o t h e n e a res t t e n t h o f a ye a r, 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 66, 100 ?

Solução

Time : 16.49

Passos da solução

Translate the problem into an equation:

66100 = 39000 (1 + \frac{0.032}{365})^{365 t}

Resolver para

t, 66100 = 39000 (1 + \frac{0.032}{365})^{365 t} : t = 16.49

Time : 16.49

Exemplos populares

Find three consecutive odd integers such that three times the product of the first and last integers, decreased by 150, is equal to the square of the second integer.The sum of the ages of Bob and Cathy is 84 years. In 3 years, Bob will be twice as old as Cathy. How old is Cathy now?Hailey invested 1,700 in an account paying an interest rate of 2.2% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 2,590?Enola is going to invest in an account paying an interest rate of 5.1% compounded continuously. How much would Enola need to invest, to the nearest cent, for the value of the account to reach 12,800 in 10 years?Levi is going to invest in an account paying an interest rate of 3.4% compounded continuously. How much would Levi need to invest, to the nearest ten dollars, for the value of the account to reach 620 in 16 years?