Who knows the right answer to this math question?

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  • kush
    Confirmed User
    • Feb 2001
    • 3382

    #1

    Who knows the right answer to this math question?

    In 1986 Frank invested $10,000 into his X account.
    In 2004 Frank has $160,340.92 in his X account.
    Frank's account size increased at the same rate each year.
    At what percentage did his account increase year to year?
  • XPorn
    Confirmed User
    • May 2003
    • 912

    #2
    Its about a 16% rate of return...but of course.....we don't know what months he started/ended ;-)

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    • SomeCreep
      :glugglug
      • Mar 2003
      • 26118

      #3
      pi

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      Comment

      • Ash@phpFX
        Confirmed User
        • Nov 2003
        • 4292

        #4
        more details, was it continuously increasing, did it increase once a year, once a month.

        Comment

        • kush
          Confirmed User
          • Feb 2001
          • 3382

          #5
          Originally posted by asher
          more details, was it continuously increasing, did it increase once a year, once a month.
          Continuously increasing

          Comment

          • stevecore
            Confirmed User
            • May 2003
            • 6130

            #6
            compounded quarterly??

            Comment

            • PrivateEye
              Confirmed User
              • Mar 2003
              • 1784

              #7
              That is more like 6.9%
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              • kush
                Confirmed User
                • Feb 2001
                • 3382

                #8
                Originally posted by stevecore
                compounded quarterly??
                Continuously

                Comment

                • pimplink
                  Confirmed User
                  • Jun 2001
                  • 9535

                  #9
                  More details... Man you're as abstract as my HS math teacher...

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                  • kush
                    Confirmed User
                    • Feb 2001
                    • 3382

                    #10
                    Originally posted by pimplink
                    More details... Man you're as abstract as my HS math teacher...
                    Say exactly what details you need

                    Comment

                    • bllott
                      Confirmed User
                      • Mar 2004
                      • 2368

                      #11
                      that's such an easy question..

                      Comment

                      • BigFish
                        Confirmed User
                        • Jan 2003
                        • 1159

                        #12
                        10,000(1+x)^17 = 160,340.92


                        Comment

                        • Tempest
                          Too lazy to set a custom title
                          • May 2004
                          • 10217

                          #13
                          16.66666666666%

                          What do I win.. $10,000????? Where's Rick!

                          Comment

                          • Mr. Marks
                            Confirmed User
                            • Jun 2001
                            • 7517

                            #14
                            18 percent? beats me.

                            Comment

                            • riosluts
                              Confirmed User
                              • Sep 2003
                              • 5250

                              #15
                              Originally posted by BigFish
                              10,000(1+x)^17 = 160,340.92


                              yeah you are right. all u gotta do now is solve for X. ill get a fuckin paper and do it now

                              Comment

                              • riosluts
                                Confirmed User
                                • Sep 2003
                                • 5250

                                #16
                                if I did it right it should be .1772940
                                so about 17.72%

                                Comment

                                • Mr Pheer
                                  So Fucking Banned
                                  • Dec 2002
                                  • 22082

                                  #17
                                  start > programs > accessories > calculator

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