pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Tessa opened a savings account and deposited 200.00 as principal. The account earns 2% interest, compounded monthly. What is the balance after 5 years?

Solução

T ess a 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 200.00 a s p r in c i p a l . T h e a cco u n t e a r n s 2% in t eres t, co m p o u n d e d m o n t h l y . Wha t i s t h e ba l an ce a f t er 5 ye a rs ?

Solução

Amount : 221.02

Passos da solução

Translate the problem into an equation:

A = 200 (1 + \frac{0.02}{12})^{12 \cdot 5}

200 (1 + \frac{0.02}{12})^{12 \cdot 5} = 221.01578 \dots

Round to the nearest hundredth:

221.02

Amount : 221.02

Exemplos populares

A starting principal of 6000 continuously compounds for 8 years, resulting in an acquired amount of 9000. Find the interest rate that produced this amount. Answer as a percentage rounded to two decimal places.Find the side length of a cube with a volume of 301m^2 7.5 % of what number is 2.03 ?the product of-5 and a number is greater than 35 or less than 10 The diâmetro of a circle is 38 in. Find its area to the nearest whole number.