pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Haley puts 7,896.00 into an account to use for school expenses. The account earns 3.63% interest, compounded monthly. How much will be in the account after 4 years?

Solução

H a l ey p u t s 7, 896.00 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 3.63% 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 4 ye a rs ?

Solução

Amount : 9127.91

Passos da solução

Translate the problem into an equation:

A = 7896 (1 + \frac{0.0363}{12})^{12 \cdot 4}

7896 (1 + \frac{0.0363}{12})^{12 \cdot 4} = 9127.91343 \dots

Round to the nearest hundredth:

9127.91

Amount : 9127.91

Exemplos populares

The sum of two numbers is 1633 and their difference is 35. Find the two numbers.10 years ago, Billy won some money in the lottery and put it in a bank account that earns 15% interest compounded annually. If Billy currently has 500.00 in the bank account, how much interest has he earned?what number is 19% of 115 The perimeter of a rectangular garden is 322 feet. If the width of the garden is 67 feet, what is its length?3400 dollars is placed in an account with annual interest rate or 8.25%. How much will be n the account after 25 years, to the nearest cent?