fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Lisa deposited\$4000 into an account with 5.8% interest, compounded annually. Assuming that no withdrawals are made, how much will she have in the account after 10 years?

Solution

L i s a d e p os i t e d $4000 in t o an a cco u n t w i t h 5.8% in t eres t, co m p o u n d e d ann u a ll y . A ss u min g t ha t n o w i t h d r a w a l s a re ma d e, h o w m u c h w i ll s h e ha v e in t h e a cco u n t a f t er 10 ye a rs ?

Solution

Amount : 7029.37

étapes des solutions

Translate the problem into an equation:

A = 4000 (1 + \frac{0.058}{1})^{1 \cdot 10}

4000 (1 + \frac{0.058}{1})^{1 \cdot 10} = 7029.37428 \dots

Arrondir à hundredth la plus proche:

7029.37

Amount : 7029.37

Exemples populaires

5400 dollars is placed in an account with an annual interest rate of 6.75% To the nearest tenth of a year, how long will it take for the account value to reach 11200 dollars?If you invested 3,000 in an account with an interest rate of 6.7% compounded weekly for 3 years, how much interest would you have earned on your money?You deposit 150 in an investment account that earns 4.2% annual interest compounded monthly.What is the balance of the account after 7 years?two numbers are in a ratio of 5:2. One half of their sum is 10 1/2 . Find the numbers.when Laurel has 3 apples, she eats 1 how many are left?