it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Ariana opened a savings account 7 years ago. The account earns 14% interest, compounded monthly. If the current balance is 500.00, how much did she deposit initially?

Soluzione

A r iana o p e n e d a s a v in g s a cco u n t 7 ye a rs a g o . T h e a cco u n t e a r n s 14% in t eres t, co m p o u n d e d m o n t h l y . I f t h e c u rre n t ba l an ce i s 500.00, h o w m u c h d i d s h e d e p os i t ini t ia ll y ?

Soluzione

Principal : 188.72

Fasi della soluzione

Translate the problem into an equation:

500 = P (1 + \frac{0.14}{12})^{12 \cdot 7}

Risolvi per

P, 500 = P (1 + \frac{0.14}{12})^{12 \cdot 7} : P = 188.72

Principal : 188.72

Esempi popolari

Mia is saving up money to buy a car. Mia puts 6,000.00 into an account which earns 6% interest, compounded quarterly. How much will she have in the account after 8 years?The diametro of a circle is 12 kilometers. What is the circle's area?six more than twice a number is 16 Translate the sentence into an equation.:Twice the differenza of a number and 3 equals 2.Leslie puts 3,000.00 into an account to use for school expenses. The account earns 13% interest, compounded annually. How much will be in the account after 5 years?