Compound interest

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


n =  28.1 years


Solution in text n =

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

Showing 0 comments:
1st comment
Be the first to comment!

To solve this example are needed these knowledge from mathematics:

Next similar examples:

  1. Compound interest
    bank_3 Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
  2. Deposit
    ping_bank If you deposit 959 euros the beginning of each year, how much money we have at 2.1% (compound) interest after 19 years?
  3. Rate or interest
    penize_45 At what rate percent will Rs.2000 amount to Rs.2315.25 in 3 years at compound interest?
  4. Profitable bank deposit 2012
    eurocoins Calculate the value of what money lose creditor with a deposit € 9500 for 4 years if the entire duration are interest 2.6% p.a. and tax on interest is 19% and annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at negative
  5. Bank
    money_3 Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.
  6. Interest
    dollars Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter.
  7. Loans, loan ...
    peniazky In Slovakia, launched a short-term non-bank loans, of which few people have their "take" are considered unfavorable. Often, the borrower ends up in a spiral of debt, which takes more and more onerous loan used to repay earlier loans. Calculate how many 9-
  8. Sum of money
    penize_19 On a certain sum of money, invested at the rate of 10% compounded annually, the difference between the interests of the first year and the third year is 315 . Find the sum.
  9. Loan
    loan Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
  10. Saving 9
    penize_40 An amount if $ 2000 is invested at an interest of 5% per month. if $ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount have accumula
  11. JUDr. Usury
    paragraph Judge JUDr. Usury approved the agreement on guilt and punishment where confessed to pay daily interest 0.18%. How big is a yearly interest? Year has 360 days.
  12. Geometric progression
    exp_1 In geometric progression, a1 = 7, q = 5. Find the condition for n to sum first n members is: sn≤217.
  13. Alice
    usd_10 Alice spent 5/11 of her money on a back pack. She has $42 dollars left. How much was her back pack?
  14. Sale
    sale_percent If the product twice price cut by 25%, what percentage was price cut in total?
  15. Machine
    machine Price of the new machine is € 62000. Every year is depreciated 15% of residual value. What will be the value of the machine after 3 years?
  16. Three 43
    penize_49 Three brothers inherited a cash amount of 62,000 and they divided it among themselves in the ratio of 5:4:1. How much more is the largest share than the smallest share?
  17. Computer
    pc The computer was purchased 10000,-. Each year, the price of a computer depreciates always the same percentage of the previous year. After four years, the value of the computer is reduced to 1300,- How many percent was depreciated price of the computer each