pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Troy opened a savings account and deposited 700.00 as principal. The account earns 2% interest, compounded annually. What is the balance after 8 years?

Solução

T roy o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 700.00 a s p r in c i p a l . T h e a cco u n t e a r n s 2% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 8 ye a rs ?

Solução

Amount : 820.16

Passos da solução

Translate the problem into an equation:

A = 700 (1 + \frac{0.02}{1})^{1 \cdot 8}

700 (1 + \frac{0.02}{1})^{1 \cdot 8} = 820.16156 \dots

Round to the nearest hundredth:

820.16

Amount : 820.16

Exemplos populares

A store pays 5 for a bottle of shampoo.The store marks up the price by 5%.What is the new price?The sum of two numbers is 38. The larger number is 16 more than the smaller number. What are the numbers?the sum of two numbers is 15.4. their difference is 6.6. find the two numbers.A cube has an edge length of 12 meters. What is its volume, in cubic meters?10 years from now Sharon will be twice as old as Steven.The current sum of the ages of Sharon and Steven is 82.How old is Steven right now?