fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Melanie invests 7800 in a new savings account which earns 3.6% annual interest, compounded semi-annually. What will be the value of her investment after 6 years? Round to the nearest cent.

Solution

M e l ani e in v es t s 7800 in a n e w s a v in g s a cco u n t w hi c h e a r n s 3.6% ann u a l in t eres t, co m p o u n d e d se mi - ann u a ll y . Wha t w i ll b e t h e v a l u e o f h er in v es t m e n t a f t er 6 ye a rs ? R o u n d t o t h e n e a res t ce n t .

Solution

Amount : 9662.02

étapes des solutions

Translate the problem into an equation:

A = 7800 (1 + \frac{0.036}{2})^{2 \cdot 6}

7800 (1 + \frac{0.036}{2})^{2 \cdot 6} = 9662.02014 \dots

Arrondir à hundredth la plus proche:

9662.02

Amount : 9662.02

Exemples populaires

Lauren's age is half of Joe's age. Emma is seven years older than Joe. The sum of Lauren, Emma, and Joe's age is 54. How old is Joe?You are dealt one card from a standard 52-card deck. Find the probability of being dealt an ace or a 9. Enter your answer in a reduced fraction form.Thrice a number, decreased by 3, is the same as twice the number, increased by 7.the product of two consecutive even integers is 168 The circonférence of a circle is 12𝜋 centimeters. What is the diameter?