it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Mona is saving up money to buy a car. Mona puts 5,000.00 into an account which earns 12% interest, compounded monthly. How much will she have in the account after 3 years?

Soluzione

M o na i s s a v in g u p m o n ey t o b u y a c a r . M o na p u t s 5, 000.00 in t o an a cco u n t w hi c h e a r n s 12% 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 s h e ha v e in t h e a cco u n t a f t er 3 ye a rs ?

Soluzione

Amount : 7153.84

Fasi della soluzione

Translate the problem into an equation:

A = 5000 (1 + \frac{0.12}{12})^{12 \cdot 3}

5000 (1 + \frac{0.12}{12})^{12 \cdot 3} = 7153.84391 \dots

Arrotondare all' hundredth più vicino:

7153.84

Amount : 7153.84

Esempi popolari

The volume of a cube is 0.421875 m^3 What is the length of each side to the nearest hundredth?You are dealt one card from a 52-card deck.:Find the probability that you are not dealt a 10 If i am currently 20 years old and my sister is half my age, how old will my sister be when i'm 30 Harold puts 300.00 into an account to use for school expenses. The account earns 7% interest, compounded monthly. How much will be in the account after 5 years?find two consecutive whole numbers that sqrt(23) lies between