de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Kenneth puts 400.00 into an account to use for school expenses. The account earns 9% interest, compounded annually. How much will be in the account after 7 years?

Lösung

Ke nn e t h p u t s 400.00 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 9% in t eres t, co m p o u n d e d ann u a ll 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 7 ye a rs ?

Lösung

Amount : 731.22

Schritte zur Lösung

Translate the problem into an equation:

A = 400 (1 + \frac{0.09}{1})^{1 \cdot 7}

400 (1 + \frac{0.09}{1})^{1 \cdot 7} = 731.21564 \dots

Round to the nearest hundredth:

731.22

Amount : 731.22

Beliebte Beispiele

find the future value of 20000 in 2 years time if compounded quarterly at 8% interest Based on her past experiences, a homeowner estimates that appliances lose 22% of their resale value each year. If her estimate is accurate, how much will an appliance currently valued at 1,496 be worth in 10 years?if 5 is subtracted from four times a certain number, the result is 35. what is the number The durchmesser of a circular saucepan is 6 inches. What is the area of the circular base of the pan? Round the answer to the nearest square inch. (Use 3.14 for pi)The diameter of a circle is 6 feet. What is the kreisumfang?Give the exact answer in simplest form. feet