it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Jeremiah deposited 3,000.00 into a new savings account that earns 10% interest compounded monthly. How long will it take for the balance to grow to 7,172.00?

Soluzione

J ere miah d e p os i t e d 3, 000.00 in t o a n e w s a v in g s a cco u n t t ha t e a r n s 10% in t eres t co m p o u n d e d m o n t h l y . Ho w l o n g w i ll i t t ak e f or t h e ba l an ce t o g ro w t o 7, 172.00 ?

Soluzione

Time : 8.75

Fasi della soluzione

Translate the problem into an equation:

7172 = 3000 (1 + \frac{0.1}{12})^{12 t}

Risolvi per

t, 7172 = 3000 (1 + \frac{0.1}{12})^{12 t} : t = 8.75

Time : 8.75

Esempi popolari

Oscar opened a savings account 9 years ago. The account earns 11% interest, compounded quarterly. If the current balance is 300.00, how much did he deposit initially?Fill in the box with a number that is greater than 978 and less than 987. Write the number in the space provided.Ben is 3 times as old as Daniel and is also 4 years older than Daniel.How old is Daniel?Translate the sentence into an equation. The sum of 2 times a number and 8 is 6 Use the variable x for the unknown number.reduced fat cookie contains 4g of fat per serving. In ordine for food to be termed 'reduced fat', it must have at least 20% less fat than the regular item. What can you conclude about how much fat is in a serving of the regular cookie? How much fat does a serving of regular cookies contain? Select the correct choice below, and fill in the answer box to complete your choice.