Ariana deposited 3,000.00 into a new savings account that earns 8% interest compounded annually. How long will it take for the balance to grow to 5,570.00?Round your answer to the nearest month.

Lời Giải

Ariana deposited 3, 000.00 into a new savings account that earns 8% interest compounded annually. How long will it take for the balance to grow to 5, 570.00?Round your answer to the nearest month.

Lời Giải

Time : 8.04

Các bước giải pháp

Translate the problem into an equation:

5570 = 3000 (1 + \frac{0.08}{1})^{1 \cdot t}

Giải

t, 5570 = 3000 (1 + \frac{0.08}{1})^{1 \cdot t} : t = 8.04

Time : 8.04

Ví dụ phổ biến

Keenan earned some money doing odd jobs last summer and put it in a savings account that earns 10% interest compounded monthly. After 10 years, there is 100.00 in the account. How much did Keenan earn doing odd jobs?Round your answer to the nearest cent.A square cabin has sides that are 10 feet long. What is the cabin's diện tích?Alvin's age is two times Elga's age. The sum of their ages is 54. What is Elga's age?i am thinking of a number multiplied it by 8 and the adding 3 the answer is greater than 59 "the product of a number and negative 8