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Popular Word Problems >

in how much time will a sum of 1600 amount to 1852.20 at 5% per annum compound interest

Solución

in h o w m u c h t im e w i ll a s u m o f 1600 am o u n t t o 1852.20 a t 5% p er ann u m co m p o u n d in t eres t

Solución

Time : 3

Pasos de solución

Translate the problem into an equation:

1852.2 = 1600 (1 + \frac{0.05}{1})^{1 \cdot t}

Resolver para

t, 1852.2 = 1600 (1 + \frac{0.05}{1})^{1 \cdot t} : t = 3

Time : 3

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