fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Kimberly has 400 in an account that earns 5% interest compounded annually.To the nearest cent, how much will she have in 1 year?

Solution

K imb er l y ha s 400 in an a cco u n t t ha t e a r n s 5% in t eres t co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll s h e ha v e in 1 ye a r ?

Solution

Amount : 420

étapes des solutions

Translate the problem into an equation:

A = 400 (1 + \frac{0.05}{1})^{1 \cdot 1}

400 (1 + \frac{0.05}{1})^{1 \cdot 1} = 420

Amount : 420

Exemples populaires

1.3 Kagiso and Tshepang are brothers. Kagiso's age is 3times Tshepang's age.:In 6 years' time Kagiso's age will be twice Tshepang's age. Calculate the present:age of Kagiso (The elder brother)The quotient of 17 and a number is one sixth Stefan is saving up money to buy a car. Stefan puts 5, 000.00 into an account which earns 13% interest, compounded annually. How much will he have in the account after 10 years? Round your answer to the nearest cent.Steven and Lena deposit 10,000.00 into a savings account which earns 2% interest compounded annually. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?When the square of a number is added to the number trebled the result is 108. What is the number?