de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

You deposit 24.00 in an account earning 5% interest compounded monthly. How much will you have in the account in 155 years?

Lösung

Y o u d e p os i t 24.00 in an a cco u n t e a r nin g 5% 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 155 ye a rs ?

Lösung

Amount : 54827.8

Schritte zur Lösung

Translate the problem into an equation:

A = 24 (1 + \frac{0.05}{12})^{12 \cdot 155}

24 (1 + \frac{0.05}{12})^{12 \cdot 155} = 54827.80346 \dots

Round to the nearest hundredth:

54827.8

Amount : 54827.8

Beliebte Beispiele

Tariq went shopping for a new pair of pants. Sales tax where he lives is 4%. The price of the pair of pants is 30. Find the total price including tax.the quotient of a number and 6 decreased by 15 Mason and Ellen deposit 8,000.00 into a savings account which earns 9% interest compounded continuously. They want to use the money in the account to go on a trip in 1 year. How much will they be able to spend?What number is 65% of 120?62 is 90% of what number? round to the nearest tenth