fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Ian opened a savings account and deposited 100.00 as principal. The account earns 6% interest, compounded annually. What is the balance after 9 years?

Solution

I an 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 100.00 a s p r in c i p a l . T h e a cco u n t e a r n s 6% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 9 ye a rs ?

Solution

Amount : 168.95

étapes des solutions

Translate the problem into an equation:

A = 100 (1 + \frac{0.06}{1})^{1 \cdot 9}

100 (1 + \frac{0.06}{1})^{1 \cdot 9} = 168.94789 \dots

Arrondir à hundredth la plus proche:

168.95

Amount : 168.95

Exemples populaires

The circonférence of a circle is 31.4 millimeters. What is the circle's radius?A positive integer whose square is more than five times the number by 36 Find the number.90% of what number is 90 If the sum of three consecutive even integers is 72, what is the smallest of the five integers?How much should be invested now at an interest rate of 5% per year, compounded continuously, to have \$2000 in three years?