it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Christine puts 4,163.00 into an account to use for school expenses. The account earns 9.71% interest, compounded monthly. How much will be in the account after 6 years?

Soluzione

C h r i s t in e p u t s 4, 163.00 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 9.71% 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 6 ye a rs ?

Soluzione

Amount : 7437.18

Fasi della soluzione

Translate the problem into an equation:

A = 4163 (1 + \frac{0.0971}{12})^{12 \cdot 6}

4163 (1 + \frac{0.0971}{12})^{12 \cdot 6} = 7437.17821 \dots

Arrotondare all' hundredth più vicino:

7437.18

Amount : 7437.18

Esempi popolari

Six times the sum of a number and 9 is 5 the sum of two numbers is 48 and the larger number is 14 more than the smaller number. write two equations and solve them to find the two numbers joe has 3 apples, he ate 2, how much ball left Find two consecutive whole numbers that sqrt(80) lies between.Determine the simple interest earned on 21,500after 16 years if the APR is 9%.