Shane deposited 10,000.00 into a new savings account that earns 15% interest compounded annually. How long will it take for the balance to grow to 19,960.00?Round your answer to the nearest month.

Lösung

Shane deposited 10, 000.00 into a new savings account that earns 15% interest compounded annually. How long will it take for the balance to grow to 19, 960.00?Round your answer to the nearest month.

Lösung

Time : 4.95

Schritte zur Lösung

Translate the problem into an equation:

19960 = 10000 (1 + \frac{0.15}{1})^{1 \cdot t}

Löse nach

t, 19960 = 10000 (1 + \frac{0.15}{1})^{1 \cdot t} : t = 4.95

Time : 4.95

Beliebte Beispiele

The kreisumfang of a circle is 17pi m. What is the area, in square meters? Express your answer in terms of pipi 8 times the sum of a number x and 10 5 years ago alex was 12 times as old as Tom.Alex is 41 now. How old is Tom now?Twice the differenz of a number and 1.The radius of a circle is 9 m. Find its kreisumfang in terms of pipi.