de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Carmen opened a savings account and deposited 100.00 as principal. The account earns 14% interest, compounded annually. What is the balance after 8 years?

Lösung

C a r m e 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 100.00 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 8 ye a rs ?

Lösung

Amount : 285.26

Schritte zur Lösung

Translate the problem into an equation:

A = 100 (1 + \frac{0.14}{1})^{1 \cdot 8}

100 (1 + \frac{0.14}{1})^{1 \cdot 8} = 285.25864 \dots

Round to the nearest hundredth:

285.26

Amount : 285.26

Beliebte Beispiele

lisa buys last years best selling novel for 14.70. this is with a 30% discount from the original price. what was the original price four subtracted from a number After 1 year the father age will be 4 times the age of his son. After 5 years the father age will be three times the age of his son. Find the age of the father and his son What is the result when the number 66 is decreased by 8%?Caleb types 100 words in 5 minutes. What is the einheit rate?