es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Abdul opened a savings account and deposited 400.00 as principal. The account earns 2% interest, compounded monthly. What is the balance after 5 years?

Solución

A b d u l 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 400.00 a s p r in c i p a l . T h e a cco u n t e a r n s 2% 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 5 ye a rs ?

Solución

Amount : 442.03

Pasos de solución

Translate the problem into an equation:

A = 400 (1 + \frac{0.02}{12})^{12 \cdot 5}

400 (1 + \frac{0.02}{12})^{12 \cdot 5} = 442.03157 \dots

Redondear al más cercano hundredth:

442.03

Amount : 442.03

Ejemplos populares

the sum of 3 consecutive integers is 54. Find the numbers,Kelsey is 46 years younger than Carter. Brenna is 51. Reggie is 6 years older than Brenna and 16 years younger than Carter. How old is Carter?As the minute hand of a large clock forms an angle of 52, the end of the minute hand traverses a distancia of 23.5 inches. Find the length of the minute hand.Nine more than the quotient of a number and 3 equals 4.if a circle has a diámetro of 12cm what is the area