es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Braden opened a savings account and deposited 4,000.00 as principal. The account earns 7% interest, compounded monthly. What is the balance after 7 years?

Solución

B r a d e n o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 4, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 7% in t eres t, co m p o u n d e d m o n t h l y . Wha t i s t h e ba l an ce a f t er 7 ye a rs ?

Solución

Amount : 6519.98

Pasos de solución

Translate the problem into an equation:

A = 4000 (1 + \frac{0.07}{12})^{12 \cdot 7}

4000 (1 + \frac{0.07}{12})^{12 \cdot 7} = 6519.97621 \dots

Redondear al más cercano hundredth:

6519.98

Amount : 6519.98

Ejemplos populares

a number squared increased by 3 Miguel opened a savings account and deposited 2,669.00. The account earns 13.03% interest, compounded annually. If he wants to use the money to buy a new bicycle in 3 years, how much will he be able to spend on the bike?When 5 less than 2 lots of a number is tripled the result is 10.The sum of 6 and a number is 20.The diámetro of a circle is 12 ft. Find its area in terms of pipi