# Five years

Nakato Nobuki, a Japanese artist, wants to have $24,000.00 in his savings account at the end of five years. Mr. Nobuki deposits$1,500.00 annually into savings and has a balance of $8,000.00 today. What must the interest rate on the savings account be for Nobuki to achieve his goals? ### Correct answer: i = 12.451 % ### Step-by-step explanation: Did you find an error or inaccuracy? Feel free to write us. Thank you! Tips to related online calculators Our percentage calculator will help you quickly calculate various typical tasks with percentages. #### You need to know the following knowledge to solve this word math problem: ## Related math problems and questions: • Savings The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua • Interest What is the annual interest rate on your account if we put$x and after $n days received$y?
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