he gained 10% of interest each day,
assuming he never took out any of the $$ gained from interest nor
any of the original deposit, how many FULL days would it take until he
achieved 200k.
2006-09-01 10:18:04 · 5 answers · asked by foxylady 2 in Science & Mathematics ➔ Mathematics
tell me where that bank is.. I'd love to make 10% per day! I could retire right now!
2006-09-01 10:20:09 · answer #1 · answered by kvuo 4 · 1⤊ 0⤋
After 50 days, he would have accumulated $213,437.91
2006-09-01 10:20:59 · answer #2 · answered by Limon 2 · 0⤊ 0⤋
You forgot to include your unit of measure. He has 2000 what?
2006-09-01 10:22:59 · answer #3 · answered by Bubba 2 · 0⤊ 0⤋
50 days, he would actually end up with $213437.91
2006-09-01 10:24:58 · answer #4 · answered by John J 6 · 0⤊ 0⤋
2000*(1+0.1)^n = 200000
(1+0.1)^n = 100
n = log(100)/(log(1+0.1)) DAYS , about 49 days
2006-09-01 10:24:01 · answer #5 · answered by gjmb1960 7 · 0⤊ 0⤋