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Populaire Word Problems >

If 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to 7500 at 8%?

Solution

I f 2500 i s in v es t e d in an a cco u n t t ha t p a ys in t eres t co m p o u n d e d co n t in u o u s l y, h o w l o n g w i ll i t t ak e t o g ro w t o 7500 a t 8% ?

Solution

Time : 13.73

étapes des solutions

Translate the problem into an equation:

7500 = 2500 e^{0.08 t}

Solutionner pour

t, 7500 = 2500 e^{0.08 t} : t = 13.73

Time : 13.73

Exemples populaires

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