Solution
Find the time required for an investment of 5000 dollars to grow to 7000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
42 fewer than the product of a number and-3negative ten decreased by13 times a numbera number subtracted from 19 is the quotient of-15 and 3. Find the numberThe product of two consecutive even integers is 224. Find their sum.Lisa deposited\$4000 into an account with 5.8% interest, compounded annually. Assuming that no withdrawals are made, how much will she have in the account after 10 years?