pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

the initial value of an investment is 15,000. if the investment earns an annual rate of 1.1%. what is its value in 8 years?

Solução

t h e ini t ia l v a l u e o f an in v es t m e n t i s 15, 000. i f t h e in v es t m e n t e a r n s an ann u a l r a t e o f 1.1%. w ha t i s i t s v a l u e in 8 ye a rs ?

Solução

Amount : 16320

Passos da solução

Translate the problem into an equation:

A = 15000 (1 + 0.011 \cdot 8)

15000 (1 + 0.011 \cdot 8) = 16320

Amount : 16320

Exemplos populares

When suzie had 4 apples and gave her friend 2 how many did she have?If a fair die is rolled 3 times, what is the probability, to the nearest thousandth, of getting exactly 2 threes?number decreased by 16 is-86:Find the number Bernie and Danielle deposit 8,000.00 into a savings account which earns 8% interest compounded monthly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?Twenty less than the difference between a number and fifteen is nineteen.