anonymous
  • anonymous
A loan of $33,000 is made at 8% interest, compounded annually. After how many years will the amount due reach $82,000 or more?
Mathematics
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anonymous
  • anonymous
A loan of $33,000 is made at 8% interest, compounded annually. After how many years will the amount due reach $82,000 or more?
Mathematics
katieb
  • katieb
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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Vocaloid
  • Vocaloid
total amount of money = (original amount of money)*(1+interest rate)^years
Vocaloid
  • Vocaloid
set total amount of money = 82,000 original amount of money = 33000 interest rate = 0.08 solve for the number of years and round to the nearest whole number
Vocaloid
  • Vocaloid
actually, round up

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