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인기 있는 Word Problems >

Eva puts 600.00 into an account to use for school expenses. The account earns 8% interest, compounded monthly. How much will be in the account after 10 years?

해법

E v a p u t s 600.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 8% in t eres t, co m p o u n d e d m o n t h l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 10 ye a rs ?

해법

Amount : 1331.78

솔루션 단계

Translate the problem into an equation:

A = 600 (1 + \frac{0.08}{12})^{12 \cdot 10}

600 (1 + \frac{0.08}{12})^{12 \cdot 10} = 1331.78414 \dots

가장 가까운 hundredth 으로 반올림:

1331.78

Amount : 1331.78

인기 있는 예

If the 원둘레 of a circle is 25.12 ft, find the radius.3 more than the quotient of a number and 7 is equal to 6 rectangle is 764.39m long and 85.63m wide.:What is the perimeter of the rectangle?The sum of two numbers is 25 and the sum of their squares is 337. Find the numbers.Davon invests 5,151 in a retirement account with a fixed annual interest rate of 2% compounded 4 times per year. What will the account balance be after 20 years?