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Populaire Word Problems >

An investment of 750 will be worth 1500 after 12 years of continuous compounding at a fixed interest rate. What percent in the interest rate?

Solution

A n in v es t m e n t o f 750 w i ll b e w or t h 1500 a f t er 12 ye a rs o f co n t in u o u s co m p o u n d in g a t a f i x e d in t eres t r a t e . Wha t p erce n t in t h e in t eres t r a t e ?

Solution

Rate : 5.77622 \dots %

étapes des solutions

Translate the problem into an equation:

1500 = 750 e^{r \cdot 12}

Solutionner pour

r, 1500 = 750 e^{r \cdot 12} : r = 5.77622 \dots %

Rate : 5.77622 \dots %

Exemples populaires

carol invest R18000 for 6 years at rate of 15% p.a compounded annually.what will be the total value of carol investment after 6 years eight less than a number is twelve Deondra is going to invest in an account paying an interest rate of 4.7% compounded continuously. How much would Deondra need to invest, to the nearest hundred dollars, for the value of the account to reach 30,000 in 10 years?An item is regularly priced at \$60. It is now priced at a discount of 35% off the regular price. What is the price now?Question 2 (7 points) Let x represent the number. Use the given conditions to write an equation. Solve the equation and find the number. number increased by 285 is equal to 466 . Find the number.-751 751 181-181