Beliebt >

A person invests 4500 dollars in a bank. The bank pays 5.75% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 10000 dollars?

Lösung

Lösung

Time : 14.09

Schritte zur Lösung

Translate the problem into an equation:

10000 = 4500 (1 + \frac{0.0575}{2})^{2 t}

Löse nach

t, 10000 = 4500 (1 + \frac{0.0575}{2})^{2 t} : t = 14.09

Time : 14.09

Beliebte Beispiele

four less than four times a number Determine the simple interest earned on 10,000after 30 years if the APR is 12%.The product of 2 numbers is 4.2. What are the 2 numbers if their sum is 4.2.Bruce puts 500.00 into an account to use for school expenses. The account earns 7% interest, compounded continuously. How much will be in the account after 5 years?The area of a circle is 25𝜋 square kilometers. What is the kreisumfang?