it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Oscar opened a savings account and deposited 100.00 as principal. The account earns 15% interest, compounded monthly. What is the balance after 2 years?

Soluzione

O sc a r 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 100.00 a s p r in c i p a l . T h e a cco u n t e a r n s 15% 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 2 ye a rs ?

Soluzione

Amount : 134.74

Fasi della soluzione

Translate the problem into an equation:

A = 100 (1 + \frac{0.15}{12})^{12 \cdot 2}

100 (1 + \frac{0.15}{12})^{12 \cdot 2} = 134.73510 \dots

Arrotondare all' hundredth più vicino:

134.74

Amount : 134.74

Esempi popolari

When a number is decreased by 10% of itself the result is 72 14% of what number is 0.1 kiara has 5 apples she eats 2 how much does she have four times a number, decrease by six the differenza of a number and 4/3 is 11/3 . What is the number