es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Gordon opened a savings account and deposited 500.00 as principal. The account earns 14% interest, compounded annually. What is the balance after 2 years?

Solución

G or d o 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 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 14% 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 2 ye a rs ?

Solución

Amount : 649.8

Pasos de solución

Translate the problem into an equation:

A = 500 (1 + \frac{0.14}{1})^{1 \cdot 2}

500 (1 + \frac{0.14}{1})^{1 \cdot 2} = 649.8

Amount : 649.8

Ejemplos populares

rectangle has a width of 52 centimeters and a perimeter of 220 centimeters. What is the rectangle's length?The diferencia between the squares of two consecutive odd numbers proof Jeffrey and Colleen deposit 800.00 into a savings account which earns 9% interest compounded annually. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?The sum of a number and 5 If you borrow 758 for two years at an interest rate of 6%, how much interest will you pay?