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Audrey deposited 80 in an account earning 10% interest compounded annually.To the nearest cent, how much will she have in 3 years?

الحلّ

Audrey deposited 80 in an account earning 10% interest compounded annually.To the nearest cent, how much will she have in 3 years?

الحلّ

Amount : 106.48

خطوات الحلّ

Translate the problem into an equation:

A = 80 (1 + \frac{0.1}{1})^{1 \cdot 3}

80 (1 + \frac{0.1}{1})^{1 \cdot 3} = 106.48

Amount : 106.48

أمثلة شائعة

twelve more tan twice a number is the as 20 Anita is twice as old as Elena now. If the sum of their ages five years ago was 20, how old are they now?Find two consecutive whole numbers that lies between. Find two consecutive whole numbers that sqrt(79) lies between.The sum of a number times 3 and 16 is at least 18 4 years ago, Rosanne won some money in the lottery and put it in a bank account that earns 3% interest compounded monthly. If Rosanne currently has 100.00 in the bank account, how much interest has she earned?