Logarithm + money - practice problems
Number of problems found: 16
- Compound interest
Joel borrowed $3208.5 on November 2, 2021, at 3.6% p.a. How many days would it take for him to repay the loan if he made a payment of $ 3,720.34? Round up to the nearest day. - Years 3
How long will it take for a given sum of money to triple itself at 20% annual compound interest? - Deposited 83235
A student deposited €500 in a savings bank at 2.5% interest. In what time (in years) will he earn as much interest as he invested? - Written 81992
8% of the price of the machine is written off every year. In how many years will the price drop from 250,000 to 150,000?
- Interest 81982
The bank offers interest on the deposit of 4 percent per annum. In how many years will the deposit double? - Principal 67954
How long in months will the principal raise 5,000 euros at 5% p.. a. interest 350 euros? - MP3 player
Mary plans to buy a new MP3 player for 90 USD. And every month, the amount he saved in the previous month doubles. If she saves 3 USD in the first month, how many months will Mary save enough to buy an MP3 player? - Double of principal
How long will it take for the principal to double at 12.25% annual interest? - If you 4
If you deposit $2500 in an account paying 11% annual interest compounded quarterly, how long until there is the $4500 in the account?
- If you 2
If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account? - Semiannually compound interest
If you deposit $ 5,000 into an account paying 8.25% annual interest compounded semiannually, how long until there is $9350 in the account? - Compound Interest
If you deposit $6000 in an account paying 6.5% annual interest compounded quarterly, how long until there is $12600 in the account? - Interest 6047
Mr. Demikát took out a loan worth 5,000 euros from the bank with an interest rate of 12 percent. How many months will it repay if the monthly payment is 80 euros? - Car value
The car loses value by 15% every year. Determine a time (in years) when its price will halve.
- Compound interest
Calculate the time when the deposit in the bank with interest 2.6% p.a. doubles. - 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 are ignored.
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