de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Aubree invested 4,400 in an account paying an interest rate of 2.4% compounded quarterly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach 6,880?

Lösung

A u b ree in v es t e d 4, 400 in an a cco u n t p a y in g an in t eres t r a t e o f 2.4% co m p o u n d e d q u a r t er l y . A ss u min g n o d e p os i t s or w i t h d r a w a l s a re ma d e, h o w l o n g w o u l d i t t ak e, t o t h e n e a res t t e n t h o f a ye a r, f or t h e v a l u e o f t h e a cco u n t t o re a c h 6, 880 ?

Lösung

Time : 18.68

Schritte zur Lösung

Translate the problem into an equation:

6880 = 4400 (1 + \frac{0.024}{4})^{4 t}

Löse nach

t, 6880 = 4400 (1 + \frac{0.024}{4})^{4 t} : t = 18.68

Time : 18.68

Beliebte Beispiele

maya is x years old, and her sister is 2x years old no. after five years time maya will be 2/3 times the age of her sister. calculate the present age of maya.Six times a number is equal to the number increased by 30 . Find the number.Alang is going to invest in an account paying an interest rate of 5.7% compounded continuously. How much would Alang need to invest, to the nearest dollar, for the value of the account to reach 113,000 in 5 years?Oliver invested 53,000 in an account paying an interest rate of 2.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 20 years?Addison is going to invest in an account paying an interest rate of 6% compounded continuously. How much would Addison need to invest, to the nearest ten dollars, for the value of the account to reach 94,000 in 5 years?