ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Raymond puts 700.00 into an account to use for school expenses. The account earns 5% interest, compounded monthly. How much will be in the account after 10 years? Round to nearest cent

Решение

R a y m o n d p u t s 700.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 5% in t eres t, co m p o u n d e d m o n t h l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 10 ye a rs ? R o u n d t o n e a res t ce n t

Решение

Amount : 1152.91

Шаги решения

Translate the problem into an equation:

A = 700 (1 + \frac{0.05}{12})^{12 \cdot 10}

700 (1 + \frac{0.05}{12})^{12 \cdot 10} = 1152.90664 \dots

Округлите до ближайшего hundredth:

1152.91

Amount : 1152.91

Популярные примеры

the greater of 2 numbers is 7 times the lesser number. 3 times the greater number is 7 more that 4 times the lesser number. what are the 2 numbers?A birthday celebration meal is 46.80 including tax, but not the tip. Find the total cost if a 10 % tip is added to the cost of the meal.a number added to thrice the sum of the number and 4 is 18 Translate the sentence into an equation. The sum of 7 times a number and 9 equals 6.a goat is tied to one corner of a square field of side 8m by a rope 3m long. Find the площадь it can graze? Also, find the площадь the goat cannot graze.