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شائع Word Problems >

Suzie has 9,126 in an account. The interest rate is 10% compounded annually.To the nearest cent, how much will she have in 5 years?

الحلّ

S u z i e ha s 9, 126 in an a cco u n t . T h e in t eres t r a t e i s 10% 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 5 ye a rs ?

الحلّ

Amount : 14697.51

خطوات الحلّ

Translate the problem into an equation:

A = 9126 (1 + \frac{0.1}{1})^{1 \cdot 5}

9126 (1 + \frac{0.1}{1})^{1 \cdot 5} = 14697.51426

Round to the nearest hundredth:

14697.51

Amount : 14697.51

أمثلة شائعة

Find two consecutive whole numbers that lies between. Find two consecutive whole numbers that sqrt(135) lies between.five more then triple a number is 29 Trevor opened a savings account and deposited 500.00. The account earns 10% 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?the sum of three consecutive integers is 39. that are the numbers Edwin puts 10,000.00 into an account to use for school expenses. The account earns 13% interest, compounded annually. How much will be in the account after 10 years?