Finn and Brianna deposit 6,128.00 into a savings account which earns 7.59% interest compounded annually. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?

Solución

Finn and Brianna deposit 6, 128.00 into a savings account which earns 7.59% interest compounded annually. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?

Solución

Amount : 7631.93

Pasos de solución

Translate the problem into an equation:

A = 6128 (1 + \frac{0.0759}{1})^{1 \cdot 3}

6128 (1 + \frac{0.0759}{1})^{1 \cdot 3} = 7631.93177 \dots

Round to the nearest hundredth:

7631.93

Amount : 7631.93

Ejemplos populares

the sum of two consecutive integers-213 One number exceeds another by 4 . The sum of the numbers is 26. What are the numbers?The radio of a circle is 6 cm. Find its area in terms of pi The sum of 16 and a number twice the difference of a number and 3 is greater than 25