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Beliebt Word Problems >

Latrell puts 3,996.00 into an account to use for school expenses. The account earns 3% interest, compounded annually. How much will be in the account after 5 years?

Lösung

L a t re ll p u t s 3, 996.00 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% in t eres t, co m p o u n d e d ann u a ll 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 5 ye a rs ?

Lösung

Amount : 4632.46

Schritte zur Lösung

Translate the problem into an equation:

A = 3996 (1 + \frac{0.03}{1})^{1 \cdot 5}

3996 (1 + \frac{0.03}{1})^{1 \cdot 5} = 4632.45920 \dots

Round to the nearest hundredth:

4632.46

Amount : 4632.46

Beliebte Beispiele

the sum of two consecutive even numbers is 46 what are the numbers Find the durchmesser of a circle with an area of 126mm^2 (3 marks)eight less than the quotient of a number and-3 a number divided by 5 is 10 If a number is increased by 5 and then divided by 5, the result is 6.