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Popolare Word Problems >

An investment of 8500 increases in value by 4.5% every year. How long until the investment reaches about 17,323.

Soluzione

A n in v es t m e n t o f 8500 in cre a ses in v a l u e b y 4.5% e v ery ye a r . Ho w l o n g u n t i l t h e in v es t m e n t re a c h es ab o u t 17, 323.

Soluzione

Time : 23.07

Fasi della soluzione

Translate the problem into an equation:

17323 = 8500 (1 + 0.045 t)

Risolvi per

t, 17323 = 8500 (1 + 0.045 t) : t = 23.07

Time : 23.07

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