pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Kelly puts 300.00 into an account to use for school expenses. The account earns 13% interest, compounded monthly. How much will be in the account after 5 years? round to the nearest cent

Solução

Ke ll y p u t s 300.00 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 13% 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 5 ye a rs ? ro u n d t o t h e n e a res t ce n t

Solução

Amount : 572.66

Passos da solução

Translate the problem into an equation:

A = 300 (1 + \frac{0.13}{12})^{12 \cdot 5}

300 (1 + \frac{0.13}{12})^{12 \cdot 5} = 572.65696 \dots

Round to the nearest hundredth:

572.66

Amount : 572.66

Exemplos populares

The area of a circle is 4.5216 square millimeters. What is the circle's diâmetro?Megan has run many marathons and keeps track of all of her finishing times. At her most recent race, she finished in 297 minutes. That is 10% longer than her previous race. What was Megan's finishing time at the previous race?Victoria opened a savings account and deposited 676.00 as principal. The account earns 6% interest, compounded annually. What is the balance after 6 years?find three consecutive odd numbers whose sum is fifty-seven Find the area of the triangle with vértices P(3,-3,0),Q(1,2,2) and R(1,-2,5)