pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

You deposit 28 in an account earning 6% interest compounded monthly. How much will you have in the account in 160 years?

Solução

Y o u d e p os i t 28 in an a cco u n t e a r nin g 6% 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 160 ye a rs ?

Solução

Amount : 403642.24

Passos da solução

Translate the problem into an equation:

A = 28 (1 + \frac{0.06}{12})^{12 \cdot 160}

28 (1 + \frac{0.06}{12})^{12 \cdot 160} = 403642.23649 \dots

Round to the nearest hundredth:

403642.24

Amount : 403642.24

Exemplos populares

An amount of 34,000 is borrowed for 10 years at 5.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?The radius of a circle is 4 miles. What is the circunferência?Give the exact answer in simplest form.The sum of two numbers is 72, and one number is twice the other. What are the two numbers?If a shirt that costs 35 is on sale for 25% off, what is the sale price?10 less than a number is equal to 15. find the number