ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Andy has 100 in an account. The interest rate is 6% compounded annually.To the nearest cent, how much will he have in 2 years?

Решение

A n d y ha s 100 in an a cco u n t . T h e in t eres t r a t e i s 6% co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll h e ha v e in 2 ye a rs ?

Решение

Amount : 112.36

Шаги решения

Translate the problem into an equation:

A = 100 (1 + \frac{0.06}{1})^{1 \cdot 2}

100 (1 + \frac{0.06}{1})^{1 \cdot 2} = 112.36

Amount : 112.36

Популярные примеры

The sum of two consecutive even integers is 98. What are the two numbers?The диаметр of a circle is 4 m. Find its area to the nearest whole number.You are dealt one card from a 52-card deck. Find the probability that you are dealt a three or a red card.The sum of an unknown number and 41 is 65 as the unknown number, write this word statement as an equation.Do not solve the equation.Eight minus a number