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Title: Janesh has savings of $9625.63. If he can invest this amount to earn 2.8%, how many days will it ... Post by: ericayi on May 21, 2023 Janesh has savings of $9625.63. If he can invest this amount to earn 2.8%, how many days will it take for the investment to grow to $9,800? Round to the nearest day.
Title: Re: Janesh has savings of $9625.63. If he can invest this amount to earn 2.8%, how many days will it ... Post by: bryrdan on May 21, 2023 Content hidden
Title: Re: Janesh has savings of $9625.63. If he can invest this amount to earn 2.8%, how many days will it Post by: Smile@ on Nov 11, 2023 Janesh has savings of $10,950.94. If he can invest this amount to earn 2.4%, how many days will it take for the investment to grow to $11,100? Also calculate the interest earned for this investment. (Do not round intermediate calculations. Round "Number of days" UP to the next whole day. Round "Interest earned" to 2 decimal places.)
Number of days Interest earned $ Title: Re: Janesh has savings of $9625.63. If he can invest this amount to earn 2.8%, how many days will it Post by: bio_man on Nov 12, 2023 Janesh has savings of $9625.63. If he can invest this amount to earn 2.8%, how many days will it take for the investment to grow to $9,800? Round to the nearest day. \(FV = PV ( 1 + i )^{nt}\) \(9800 = 9625.63(1 + 0.0276162)^{t}\) \(\frac{9800}{9625.63} = (1 + 0.0276162)^t\) Take ln on both sides \(\frac{ln(\frac{9800}{9625.63})}{ln(1 + 0.0276162)} = t\) t will represent years. Convert to days by using 365 days = 1 year |