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Популярное Word Problems >

Find how long it will take to have a balance of 900 if 500 is invested at 7.5% annual interest compounded continuously.

Решение

F in d h o w l o n g i t w i ll t ak e t o ha v e a ba l an ce o f 900 i f 500 i s in v es t e d a t 7.5% ann u a l in t eres t co m p o u n d e d co n t in u o u s l y .

Решение

Time : 7.84

Шаги решения

Translate the problem into an equation:

900 = 500 e^{0.075 t}

Решите для

t, 900 = 500 e^{0.075 t} : t = 7.84

Time : 7.84

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