5500 dollars is placed in an account with an annual interest rate of 5.25%. To the nearest year, how long will it take for the account value to reach 11100 dollars?

Solución

Solución

Time : 19.39

Pasos de solución

Translate the problem into an equation:

11100 = 5500 (1 + 0.0525 t)

Resolver para

t, 11100 = 5500 (1 + 0.0525 t) : t = 19.39

Time : 19.39

Ejemplos populares

seventeen more than the product of a number and-3 is less than-29 The sum of two numbers is −36 . Their difference is 68 . Find the numbers.The radio of a circle is 8 m. Find its area in terms of pipi.Makayla invested 630 in an account paying an interest rate of 5.5% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 1,860?The diámetro of a circle is 8 ft. Find its area in terms of pipi.