If you invest 10,000 at an interest rate of 5.2%, determine the total amount after 5 years compounded annually.

解

I f yo u in v es t 10, 000 a t an in t eres t r a t e o f 5.2%, d e t er min e t h e t o t a l am o u n t a f t er 5 ye a rs co m p o u n d e d ann u a ll y .

Amount : 12884.83

解答ステップ

Translate the problem into an equation:

A = 10000 (1 + \frac{0.052}{1})^{1 \cdot 5}

10000 (1 + \frac{0.052}{1})^{1 \cdot 5} = 12884.83018 \dots

最も近い

h u n d re d t h

に四捨五入:

12884.83

Amount : 12884.83