es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

A principal of 2100 is invested at 4% interest, compounded annually. How much will the investment be worth after 8 years? Use the calculator provided and round your answer to the nearest dollar.

Solución

A p r in c i p a l o f 2100 i s in v es t e d a t 4% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll t h e in v es t m e n t b e w or t h a f t er 8 ye a rs ? U se t h e c a l c u l a t or p ro v i d e d an d ro u n d yo u r an s w er t o t h e n e a res t d o ll a r .

Solución

Amount : 2874

Pasos de solución

Translate the problem into an equation:

A = 2100 (1 + \frac{0.04}{1})^{1 \cdot 8}

2100 (1 + \frac{0.04}{1})^{1 \cdot 8} = 2873.99500 \dots

Redondear al más cercano hundredth:

2874

Amount : 2874

Ejemplos populares

Stacy has a large bush growing in her garden that is currently 8 feet tall. That is 60% taller than it was when Stacy planted it there. How tall was the bush then?The sum of a number and six, is ten.5 years ago, Josie won some money in the lottery and put it in a bank account that earns 13% interest compounded annually. If Josie currently has 500.00 in the bank account, how much interest has she earned?find the circunferencia of a circle with radius of 0.3m Javier and Celine deposit 800.00 into a savings account which earns 8% interest compounded annually. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?