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人気のある Word Problems >

What principle will amount to 1000 if invested at 2% compounded monthly for 10 years?

解

Wha t p r in c i pl e w i ll am o u n t t o 1000 i f in v es t e d a t 2% co m p o u n d e d m o n t h l y f or 10 ye a rs ?

解

Principal : 818.87

解答ステップ

Translate the problem into an equation:

1000 = P (1 + \frac{0.02}{12})^{12 \cdot 10}

P

を解く

1000 = P (1 + \frac{0.02}{12})^{12 \cdot 10} : P = 818.87

Principal : 818.87

人気の例

An investment broker deposits 1000 into an account that earns 12% annual interest compounded quarterly. What is the value of the investment after 2 years?find two consecutive integers such that twice the smaller diminished by the larger is 71 a number increased by 8 john has 3 apples.and there are 3 left. how much did he ate You deposit 5000 in an account earning 8% interest compounded monthly. How much will you have in the account in 20 years?