ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

You deposit 4000 in an account earning 6% interest compounded monthly. How much will you have in the account in 5 years? Round to the nearest cent.

Решение

Y o u d e p os i t 4000 in an a cco u n t e a r nin g 6% in t eres t co m p o u n d e d m o n t h l y . Ho w m u c h w i ll yo u ha v e in t h e a cco u n t in 5 ye a rs ? R o u n d t o t h e n e a res t ce n t .

Решение

Amount : 5395.4

Шаги решения

Translate the problem into an equation:

A = 4000 (1 + \frac{0.06}{12})^{12 \cdot 5}

4000 (1 + \frac{0.06}{12})^{12 \cdot 5} = 5395.40061 \dots

Округлите до ближайшего hundredth:

5395.4

Amount : 5395.4

Популярные примеры

The sum of a number and 5 is 13 The окружность of a circle is 18𝜋 centimeters. What is the radius?The diameter of a circle is 10 m. Find the окружность to the nearest tenth mark is 4 times as old as johnny. in 20 years mark will be twice as old as johnny find the present age of both Allie puts 7,982.00 into an account to use for school expenses. The account earns 11.86% interest, compounded monthly. How much will be in the account after 7 years?