Solución
You deposit 5000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
Mackenzie puts 600.00 into an account to use for school expenses. The account earns 8% interest, compounded monthly. How much will be in the account after 7 years?An initial amount of 3200 is invested in an account at an interest rate of 3.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after three years.Maria borrowed 15,000. She repaid the loan in full at the end of 3 years with a lump sum of 18,500. What annual flat interest rate was she charged?the sum of two consecutive even integers is 174Fifteen more than 3 times a number is 45. Find the number