es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

You deposit 4000 in an account earning 7% interest compounded monthly. How much will you have in the account in 10 years? Round to the nearest cent.

Solución

Y o u d e p os i t 4000 in an a cco u n t e a r nin g 7% 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 yo u ha v e in t h e a cco u n t in 10 ye a rs ? R o u n d t o t h e n e a res t ce n t .

Solución

Amount : 8038.65

Pasos de solución

Translate the problem into an equation:

A = 4000 (1 + \frac{0.07}{12})^{12 \cdot 10}

4000 (1 + \frac{0.07}{12})^{12 \cdot 10} = 8038.64550 \dots

Redondear al más cercano hundredth:

8038.65

Amount : 8038.65

Ejemplos populares

The sum of 4 consecutive odd integers is-104. What is the least of these integers?Millie is four times as old as Marty. The sum of their ages is 65 years. Find how old the people are.Billy inherited some money from his grandfather and put it in a bank account that earns 14% interest compounded quarterly. After 3 years, Billy had 600.00 in the bank account. How much interest did he earn?She drove for 142.5 miles at a speed of 57 mph. For how many hours did she if 220 is increased by 120 percent what is the resulting number