fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Spencer deposited 10 in an account earning 5% interest compounded annually.To the nearest cent, how much will he have in 3 years?

Solution

Sp e n cer d e p os i t e d 10 in an a cco u n t e a r nin g 5% in t eres t 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 3 ye a rs ?

Solution

Amount : 11.58

étapes des solutions

Translate the problem into an equation:

A = 10 (1 + \frac{0.05}{1})^{1 \cdot 3}

10 (1 + \frac{0.05}{1})^{1 \cdot 3} = 11.57625

Arrondir à hundredth la plus proche:

11.58

Amount : 11.58

Exemples populaires

selling price is 5225 after allowing a 5% discount. find the marked price Justin buys a garlic grill with 20% off for 9.36, what was the original price The diameter of a circle is 10 cm. Find its circonférence in terms of pipi.Aaliyah invested 350 in an account paying an interest rate of 4% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 20 years?The perimeter of a rectangle is 19 feet. If the length is 6 feet, find the width.