# When will I be a millionaire?

Shawn monthly send 220 euros to the bank, which he deposits bear interest of 2.4% p.a. Calculate how many months must Shawn save to save 1000000 euros?

Inflation, interest rate changes or bank failures ignore.

Inflation, interest rate changes or bank failures ignore.

**Result****Leave us a comment of example and its solution (i.e. if it is still somewhat unclear...):**

**Showing 0 comments:**

**Be the first to comment!**

#### To solve this example are needed these knowledge from mathematics:

## Next similar examples:

- Car value

The car loses value 15% every year. Determine a time (in years) when the price will be halved. - Compound interest

Calculate time when deposit in the bank with interest 2.5% p.a. doubles. - Computer revolution

When we started playing with computers, the first processor, which I remember was the Intel 8080 from 1974, with the performance of 0.5 MIPS. Calculate how much percent a year rose CPU performance when Intel 486DX from 1992 has 54 MIPS. What - Borrowing

I borrow 25,000 to 6.9% p.a.. I pay 500 per month. How much will I pay and for how long? - Dividing money

Imrich, Daniel and Dezider shared an unknown amount in the ratio 1:2:4, where Dezider received 750 euros more than Imrich and Daniel got half as much as Dezider. Determine an unknown amount of money and determine the amounth that got Imrich, Daniel and De - Theorem prove

We want to prove the sentense: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started? - Exponential equation

Solve exponential equation (in real numbers): 9^{8x-2}=9 - Coordinate

Determine missing coordinate of the point M [x, 120] of the graph of the function f bv rule: y = 5^{x} - Radioactivity

After 548 hours decreases the activity of a radioactive substance to 1/9 of the initial value. What is the half-life of the substance? - Exponential equation

In the set R solve the equation: ? - Logarithmic equation

Solve equation: log_{33}(3x + 21) = 0 - Log

if ?, what is b? - The city 3

The city has 22,000 residents. How long it is expected to have 25,000 residents if the average annual population growth is 1.4%? - Interest

What is the annual interest rate on your account if we put 32790 and after 176 days received 33939.2? - Intercept with axis

F(x)=log(x+4)-2, what is the x intercept - Shirt

Mrs. Vítková bought each of his three children the same shirt paid CZK 1,000. Saleswoman she returned 568,60 CZK. What was the price of one shirt? - Reciprocal

Calculate reciprocal of z=0.8+0.6i: