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人気のある Word Problems >

Find the final amount of money in an account if 2, 200 is deposited at 5.5 % interest compounded weekly and the money is left for 9 years. Round the answer to 2 decimal places.

解

F in d t h e f ina l am o u n t o f m o n ey in an a cco u n t i f 2, 200 i s d e p os i t e d a t 5.5 % in t eres t co m p o u n d e d w ee k l y an d t h e m o n ey i s l e f t f or 9 ye a rs . R o u n d t h e an s w er t o 2 d ec ima l pl a ces .

解

Amount : 3608.15

解答ステップ

Translate the problem into an equation:

A = 2200 (1 + \frac{0.055}{52})^{52 \cdot 9}

2200 (1 + \frac{0.055}{52})^{52 \cdot 9} = 3608.15213 \dots

Amount : 3608.15213 \dots

3608.15213 \dots

を最も近い

2 d ec ima l pl a ces

に四捨五入する:

3608.15

Amount : 3608.15

人気の例

The sum of a number times 10 and 23 is less than-26.12 less than the quotient of a number and 4 Deshaun needs 18464 for a future project. He can invest 4000 now at an annual rate of 8% , compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project?Sylvia decides to put a recent 85,600 inheritance away into an investment account gaining 9.5% interest compounded monthly. How much will be in the account at the end of 10 years? Round to the nearest cent. Explain how you got your answer ten is no more than four less than a number