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פּוֹפּוּלָרִי Word Problems >

Carla opened a savings account and deposited 500.00 as principal. The account earns 6% interest, compounded annually. What is the balance after 8 years?

פתרון

C a r l 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 500.00 a s p r in c i p a l . T h e a cco u n t e a r n s 6% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 8 ye a rs ?

פתרון

Amount : 796.92

צעדי פתרון

Translate the problem into an equation:

A = 500 (1 + \frac{0.06}{1})^{1 \cdot 8}

500 (1 + \frac{0.06}{1})^{1 \cdot 8} = 796.92403 \dots

Round to the nearest hundredth:

796.92

Amount : 796.92

דוגמאות פופולריות

How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have 2500 in two years?The product of two consecutive positive integers is 110. Find the value of the lesser integer.seven less than the product of two sevenths and a number yields two ninths of that number The sum of two numbers is 39. Twice the first number plus 3 times the second number is 101.In 36 years Kevin will be 3 times as old as he is right now