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 2500 in a savings account. Find the balance after 4 years if the account earns 2% interest compounded daily.

Solución

Y o u d e p os i t 2500 in a s a v in g s a cco u n t . F in d t h e ba l an ce a f t er 4 ye a rs i f t h e a cco u n t e a r n s 2% in t eres t co m p o u n d e d d ai l y .

Solución

Amount : 2708.21

Pasos de solución

Translate the problem into an equation:

A = 2500 (1 + \frac{0.02}{365})^{365 \cdot 4}

2500 (1 + \frac{0.02}{365})^{365 \cdot 4} = 2708.21173 \dots

Redondear al más cercano hundredth:

2708.21

Amount : 2708.21

Ejemplos populares

jane recieved\$875 from her grandma party. she put the money in a bank with a 4% simple interest rate. how much interest will she have earned after 7 years?ella has 10 apples. emma takes 5. how many are left Find the area of a circle whose circunferencia is 21.98 meters. Use 3.14 for pi If necessary, round to the nearest hundredth.Siobhan deposits 1200 into a savings account that pays 5.2% annual interest compounded monthly. What will be the balance after 4 years? Round to the nearest cent.A couple deposits 21,000 into an account earning 6% annual interest for 15 years. Calculate the future value of the investment if the interest is compounded weekly. Round your answer to the nearest cent.