es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Suppose that 12,000is deposited for seven years at 4% APR. Calculate the interest earned if interest is compounded monthly. Round your answer to the nearest cent.

Solución

S u pp ose t ha t 12, 000 i s d e p os i t e d f or se v e n ye a rs a t 4% A PR . C a l c u l a t e t h e in t eres t e a r n e d i f in t eres t i s co m p o u n d e d m o n t h l y . R o u n d yo u r an s w er t o t h e n e a res t ce n t .

Solución

Interest : 3870.17

Pasos de solución

Translate the problem into an equation:

15870.16636 \dots = 12000 + I

Resolver para

I, 15870.16636 \dots = 12000 + I : I = 3870.17

Interest : 3870.17

Ejemplos populares

tim has five apples he gave three to amelia how many apples does time have now the sum of two numbers is 56. Their diferencia is 18. Find the numbers Emmy earned some money doing odd jobs last summer and put it in a savings account that earns 4% interest compounded monthly. After 4 years, there is 800.00 in the account. How much did Emmy earn doing odd jobs?Round your answer to the nearest cent.Ellie runs 5/6 mile in 10 minutes.:What is Ellie's speed in miles per minute?What was the interest rate if your balance on an investment of 830 at the end of one year is 871.50?