fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Find the compound amount for the deposit and the amount of interested earned.\15, 000 at %5 compounded monthly for 18 years. The compound amount after 18 years is\$

Solution

$

Solution

Amount : 36825.13

étapes des solutions

Translate the problem into an equation:

A = 15000 (1 + \frac{0.05}{12})^{12 \cdot 18}

15000 (1 + \frac{0.05}{12})^{12 \cdot 18} = 36825.12634 \dots

Arrondir à hundredth la plus proche:

36825.13

Amount : 36825.13

Exemples populaires

Bonnie is saving up money to buy a car. Bonnie puts 10,000.00 into an account which earns 9% interest, compounded annually. How much will she have in the account after 9 years?Find the future value and interest earned if 8704.56 is invested for 7 years at 6% compounded continuously 20 is 25% of what number?Use the general equation.sam has three apple and sarah has 12 apples.how many apples do they have altogether?John places 5,000 into a mutual fund that is paying 8% annual interest. The interest is being compounded quarterly. How much money will be in the account in 5 years?