# When will I be a millionaire?

Barry monthly send 280 euros to the bank, which he deposits bear interest of 2.1% p. A. Calculate how many months must Barry save to save 1000000 euros?

Inflation, interest rate changes, or bank failures ignore.

Result

n =  1133 months

#### Solution:

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

Be the first to comment!

## Next similar examples:

1. Car value
The car loses value 15% every year. Determine a time (in years) when the price will be halved.
2. Compound interest
Calculate time when deposit in the bank with interest 2.5% p.a. doubles.
3. 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
4. Borrowing
I borrow 25,000 to 6.9% p.a.. I pay 500 per month. How much will I pay and for how long?
5. 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
6. Annual pension
Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2%
7. Theorem prove
We want to prove the sentence: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started?
8. Coordinate
Determine missing coordinate of the point M [x, 120] of the graph of the function f bv rule: y = 5x
9. Exponential equation
Solve exponential equation (in real numbers): 98x-2=9
10. 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%?
11. Logarithmic equation
Solve equation: log33(3x + 21) = 0
12. Exponential equation
In the set R solve the equation: ?
13. Employees
The company employs 1 440 employees (men and women). For over-average results, the premiums were 18.75% of all men and 22.5% of all women. 20% of employees were rewarded with premiums. How many men and how many women are employed in the company?
14. Log
if ?, what is b?