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Old 06-04-2004, 08:38 PM   #1
kush
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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?
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Old 06-04-2004, 08:42 PM   #2
XPorn
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Its about a 16% rate of return...but of course.....we don't know what months he started/ended ;-)

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Old 06-04-2004, 08:47 PM   #3
SomeCreep
:glugglug
 
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pi
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Old 06-04-2004, 08:47 PM   #4
Ash@phpFX
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more details, was it continuously increasing, did it increase once a year, once a month.
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Old 06-04-2004, 09:17 PM   #5
kush
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Quote:
Originally posted by asher
more details, was it continuously increasing, did it increase once a year, once a month.
Continuously increasing
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Old 06-04-2004, 09:18 PM   #6
stevecore
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compounded quarterly??
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Old 06-04-2004, 09:26 PM   #7
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That is more like 6.9%
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Old 06-04-2004, 09:26 PM   #8
kush
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Quote:
Originally posted by stevecore
compounded quarterly??
Continuously
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Old 06-04-2004, 09:27 PM   #9
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More details... Man you're as abstract as my HS math teacher...
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Old 06-04-2004, 09:28 PM   #10
kush
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Quote:
Originally posted by pimplink
More details... Man you're as abstract as my HS math teacher...
Say exactly what details you need
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Old 06-04-2004, 09:34 PM   #11
bllott
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that's such an easy question..
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Old 06-04-2004, 09:38 PM   #12
BigFish
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10,000(1+x)^17 = 160,340.92


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Old 06-04-2004, 10:30 PM   #13
Tempest
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16.66666666666%

What do I win.. $10,000????? Where's Rick!
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Old 06-04-2004, 11:29 PM   #14
Mr. Marks
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18 percent? beats me.
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Old 06-04-2004, 11:35 PM   #15
riosluts
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Quote:
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
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Old 06-04-2004, 11:39 PM   #16
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if I did it right it should be .1772940
so about 17.72%
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Old 06-04-2004, 11:41 PM   #17
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start > programs > accessories > calculator
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