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פּוֹפּוּלָרִי Word Problems >

Jasmine deposited 700 in an account earning 9% interest compounded annually.To the nearest cent, how much will she have in 1 year?

פתרון

J a s min e d e p os i t e d 700 in an a cco u n t e a r nin g 9% in t eres t 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 1 ye a r ?

פתרון

Amount : 763

צעדי פתרון

Translate the problem into an equation:

A = 700 (1 + \frac{0.09}{1})^{1 \cdot 1}

700 (1 + \frac{0.09}{1})^{1 \cdot 1} = 763

Amount : 763

דוגמאות פופולריות

How many years will it take for an initial investment of 10,000 to grow to 25,000 at an interest rate of 6% compounded continuously?You deposit 5000 in an account earning 2% interest compounded continuously. How much will you have in the account in 15 years?Suppose 7500 is invested at 5% compounded continuously. Approximately how many years will it take for the amount to grow to 16,700?The sum of 18 and a number is four times that number. What is the number.eight more than a certain number is fourteen less than three times the same number.Find the number.