es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Pablo opened a savings account and deposited 800.00 as principal. The account earns 5% interest, compounded monthly. What is the balance after 2 years?

Solución

P ab l o 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 800.00 a s p r in c i p a l . T h e a cco u n t e a r n s 5% in t eres t, co m p o u n d e d m o n t h l y . Wha t i s t h e ba l an ce a f t er 2 ye a rs ?

Solución

Amount : 883.95

Pasos de solución

Translate the problem into an equation:

A = 800 (1 + \frac{0.05}{12})^{12 \cdot 2}

800 (1 + \frac{0.05}{12})^{12 \cdot 2} = 883.95306 \dots

Redondear al más cercano hundredth:

883.95

Amount : 883.95

Ejemplos populares

the sum of three consecutive even integers is 174 Lauren's age is half of Joe's age. Emma is four years older than Joe. The sum of Lauren, Emma, and Joe's age is 99. How old is Joe?If 15 more than a number is 3 more than double the number, what is the number?A box with rectangular sides measures 18 inches wide, 12 inches deep, and 6 inches high. Find the volumen of the box in cubic feet.demostrar que the product of the two consecutive integers is divisible by 2