es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Manuel opened a savings account and deposited 1,000.00 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years?

Solución

M an u e l 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 1, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 7% 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 9 ye a rs ?

Solución

Amount : 1838.46

Pasos de solución

Translate the problem into an equation:

A = 1000 (1 + \frac{0.07}{1})^{1 \cdot 9}

1000 (1 + \frac{0.07}{1})^{1 \cdot 9} = 1838.45921 \dots

Redondear al más cercano hundredth:

1838.46

Amount : 1838.46

Ejemplos populares

The sum of 2 numbers is 39. Twice the first number plus 3 times the second number is 101. Find the numbers.16% of what number is 14 If 9, 500 is invested at 10% compounded quarterly, how much will this investment be worth in 3 years?Sebastian just measured himself and found out that he is 57 inches tall, which is 14% taller than the last time he measured. How tall was he last time?Add and simplificar: (x2−9x)/(x2−1x−42)+(9x−49)/(x2−1x−42) Enter the numerator and denominator separately in the boxes below. If the denominator is 1, enter the number 1. Do not leave either box blank. Answer: