pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Carter opened a savings account and deposited 400.00 as principal. The account earns 11% interest, compounded annually. What is the balance after 6 years?

Solução

C a r t er 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 400.00 a s p r in c i p a l . T h e a cco u n t e a r n s 11% 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 6 ye a rs ?

Solução

Amount : 748.17

Passos da solução

Translate the problem into an equation:

A = 400 (1 + \frac{0.11}{1})^{1 \cdot 6}

400 (1 + \frac{0.11}{1})^{1 \cdot 6} = 748.16582 \dots

Round to the nearest hundredth:

748.17

Amount : 748.17

Exemplos populares

7 times a number increased by 4 times the number Question 6, 10.1.41:The area of a circle is 237 square meters. Find the radio Suppose that 5500 is placed in an account that pays 2% interest compounded each year. Assume that no withdrawals are made from the account. Find the amount in the account at the end of 2 years.The product of two consecutive even numbers is 12 more than the square of the smaller number. find the numbers The area of a circle is 0.5024 square meters. What is the circle's circunferência?