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Populaire Word Problems >

How long does it take for \$250 to grow to \$600 at 4% annual percentage rate compounded continuously?

Solution

Ho w l o n g d oes i t t ak e f or $250 t o g ro w t o $600 a t 4% ann u a l p erce n t a g e r a t e co m p o u n d e d co n t in u o u s l y ?

Solution

Time : 21.89

étapes des solutions

Translate the problem into an equation:

600 = 250 e^{0.04 t}

Solutionner pour

t, 600 = 250 e^{0.04 t} : t = 21.89

Time : 21.89

Exemples populaires

A circle of white daisies is planted in Silvergrove's central park. The circle has a radius of 3 feet. What is the circle's circonférence?The quotient of a number and 5.The sum of two numbers is 53 . The smaller number is 23 less than the larger number. What are the numbers?The sum of two numbers is 46. The smaller number is 8 less than the larger number. What are the numbers?One less than the product of 23 and a number