es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

\ Krysta opened a savings account and deposited 500.00 as principal. The account earns 10% interest, compounded annually. What is the balance after 7 years

Solución

: Krys t a 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 500.00 a s p r in c i p a l . T h e a cco u n t e a r n s 10% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 7 ye a rs

Solución

Amount : 974.36

Pasos de solución

Translate the problem into an equation:

A = 500 (1 + \frac{0.1}{1})^{1 \cdot 7}

500 (1 + \frac{0.1}{1})^{1 \cdot 7} = 974.35855

Redondear al más cercano hundredth:

974.36

Amount : 974.36

Ejemplos populares

Find three consecutive odd integers such that the sum of the smallest number and middle number is 27 less than 3 times the largest number square garden has an área of 196 square feet. What is the perimeter of the garden? Show work.Mitchell is 46. Hunter is 12 years older than Mitchell and 8 years older than Tessa. How old is Tessa?for a sphere with a radio of 8cm find the volume of the sphere write each answer as an exact value or as a number rounded to the nearest tenth Logan opened a savings account and deposited 201.00. The account earns 7% interest, compounded quarterly. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?