8400 dollars is placed in an account with an annual interest rate of 6.75%. To the nearest year, how long will it take for the account value to reach 27200 dollars?

Solución

Solución

Time : 33.16

Pasos de solución

Translate the problem into an equation:

27200 = 8400 (1 + 0.0675 t)

Resolver para

t, 27200 = 8400 (1 + 0.0675 t) : t = 33.16

Time : 33.16

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