Ask a New Question

Question

Sara has $2,500,000 and can earn 12.50 percent per year. If Sara plans on retiring when she has tripled her money, she can retire in how many years.
9 years ago

Answers

Reiny
If she has 2500,000 and she gets 12.5% per year in interest, she would earn $312,500 per year right now.
Heck!, she should retire right now

but according to your question
2.5 million(1.125)^n = 7.5 million
1.125)^n = 3
n log 1.123 = log3
n = appr 9.3 years
9 years ago

Related Questions

Sara, Please, we will need some idea of what you need material on before we can help you. Know the t... sara can take no more than 22 pounds of luggage on a trip. her suitcase weighs 112 ounces. how many... sara wants to know how many boxes of cookies her entire girl scout troop sold. How could she use co... Hello My name is Sara and i,m work in marketing and i have get offer from some company from all wor... The value of Sara's new car decreases at a rate of 8% each year. 1.Write an exponential function... Can anyone help me? 1.Sara works in an ice cream shop. The table shows the number of hours she work... Which of the following did Sarah Hale not support? A.women teachers in schools B.a national day... Sara wants to add 0.35 to 12 using fractions. Which fraction can she use for 0.35? Sara wants to add 0.35 to 1/2 using fractions. Which fraction can she use for 0.35? 1/4 35/10 4... Sara and Sam went for a two-hour drive. According to the graph, between 40 minutes and 80 minutes in...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use