ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Natalie deposited 400.00 into a new savings account that earns 6% interest compounded annually. How long will it take for the balance to grow to 557.00?

Решение

N a t a l i e d e p os i t e d 400.00 in t o a n e w s a v in g s a cco u n t t ha t e a r n s 6% in t eres t co m p o u n d e d ann u a ll y . Ho w l o n g w i ll i t t ak e f or t h e ba l an ce t o g ro w t o 557.00 ?

Решение

Time : 5.68

Шаги решения

Translate the problem into an equation:

557 = 400 (1 + \frac{0.06}{1})^{1 \cdot t}

Решите для

t, 557 = 400 (1 + \frac{0.06}{1})^{1 \cdot t} : t = 5.68

Time : 5.68

Популярные примеры

A number increased by 6 is 3 less than twice the number If 1/3 of a number is 12 , what is 1/4 of the number?Isabelle took out a loan from a bank at 13% interest compounded quarterly. After 2 years, the balance on the loan was 1,000.00. How much interest had accumulated on the loan?Round your answer to the nearest cent.three less than four times a number is equal to 21 what is the number Jace invested 65,000 in an account paying an interest rate of 2.5% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 93,400?