ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

You deposit 400 in an account earning 2% interest compounded monthly. How much will you have in the account in 1 years?

الحلّ

Y o u d e p os i t 400 in an a cco u n t e a r nin g 2% in t eres t co m p o u n d e d m o n t h l y . Ho w m u c h w i ll yo u ha v e in t h e a cco u n t in 1 ye a rs ?

الحلّ

Amount : 408.07

خطوات الحلّ

Translate the problem into an equation:

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

400 (1 + \frac{0.02}{12})^{12 \cdot 1} = 408.07374 \dots

Round to the nearest hundredth:

408.07

Amount : 408.07

أمثلة شائعة

what is the rate of annual interest to get from 16,000 to 44,000 in 20 years 4% of what number is 92 Suppose that 16,000 is deposited for five years at 4% APR. Calculate the interest earned if interest is compounded semiannually. Round your answer to the nearest cent.the difference of a number and 2 is 19 The perimeter of a rectangular window is 296 cm. If the width of the window is 57 cm, what is its length?