Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate of 7.5 pe? and EU Foreign Direct Investment [SEMINAR]

Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate of 7.5 pe?

Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate of 7.5 percent per year, compounded quarterly.


Investment best answer:

Answer by intc_escapee
A = P·(1 + r/n)^(nt)
P = principal amount
r = annual nominal interest rate
n = number of times the interest is compounded per year
t = number of years
A = amount after time t

7700 = 5000 (1 + 0.075/4)^(4t)
ln(77/50)/ln(1.01875) = 4t
t = 5.81 years

Answer: 5.81 years

Investment

EU Foreign Direct Investment [SEMINAR]


Image by ALDEADLE Alliance of Liberals and Democrats for EU
Mrs. Silvana KOCH-MEHRIN [ALDE MEP]

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