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Popolare Word Problems >

Sheri can invest at 9.3% in a continuous interest account. She would like to have 500,000 at the end of 10 years. How much money should she invest?

Soluzione

S h er i c an in v es t a t 9.3% in a co n t in u o u s in t eres t a cco u n t . S h e w o u l d l ik e t o ha v e 500, 000 a t t h e e n d o f 10 ye a rs . Ho w m u c h m o n ey s h o u l d s h e in v es t ?

Soluzione

Principal : 197276.86

Fasi della soluzione

Translate the problem into an equation:

500000 = P e^{0.093 \cdot 10}

Risolvi per

P, 500000 = P e^{0.093 \cdot 10} : P = 197276.86

Principal : 197276.86

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