es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

You deposit 200 in an investment account that earns 4.5% annual interest compounded annually. You make no additional deposits or withdrawals. What is the balance of this account after 8 years?

Solución

Y o u d e p os i t 200 in an in v es t m e n t a cco u n t t ha t e a r n s 4.5% ann u a l in t eres t co m p o u n d e d ann u a ll y . Y o u mak e n o a dd i t i o na l d e p os i t s or w i t h d r a w a l s . Wha t i s t h e ba l an ce o f t hi s a cco u n t a f t er 8 ye a rs ?

Solución

Amount : 284.42

Pasos de solución

Translate the problem into an equation:

A = 200 (1 + \frac{0.045}{1})^{1 \cdot 8}

200 (1 + \frac{0.045}{1})^{1 \cdot 8} = 284.42012 \dots

Redondear al más cercano hundredth:

284.42

Amount : 284.42

Ejemplos populares

A certain number plus 12 gives a result of 34.Sam is 4 year younger than Amy. 5 years ago he was half her age. How old are they now Rosanne is saving up money to buy a car. Rosanne puts 7,175.00 into an account which earns 7% interest, compounded quarterly. How much will she have in the account after 10 years?A finance company charged a loan of RM3,000 at a simple interest of 12% per year. If the interest paid was RM972, how long was the term of the loan?three times a number is 66 more than twice the number