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Populaire Word Problems >

How many years will it take for an initial investment of 10,000 to grow to 25,000 at an interest rate of 6% compounded continuously?

Solution

Ho w man y ye a rs w i ll i t t ak e f or an ini t ia l in v es t m e n t o f 10, 000 t o g ro w t o 25, 000 a t an in t eres t r a t e o f 6% co m p o u n d e d co n t in u o u s l y ?

Solution

Time : 15.27

étapes des solutions

Translate the problem into an equation:

25000 = 10000 e^{0.06 t}

Solutionner pour

t, 25000 = 10000 e^{0.06 t} : t = 15.27

Time : 15.27

Exemples populaires

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