de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Edgar opened a savings account and deposited 500.00 as principal. The account earns 10% interest, compounded annually. What is the balance after 6 years?

Lösung

E d g a r o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 500.00 a s p r in c i p a l . T h e a cco u n t e a r n s 10% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 6 ye a rs ?

Lösung

Amount : 885.78

Schritte zur Lösung

Translate the problem into an equation:

A = 500 (1 + \frac{0.1}{1})^{1 \cdot 6}

500 (1 + \frac{0.1}{1})^{1 \cdot 6} = 885.7805

Round to the nearest hundredth:

885.78

Amount : 885.78

Beliebte Beispiele

6 is 75% of what number The diameter of a circle is 5 m. Find the kreisumfang to the nearest tenth 870 is 30% of what number?Find the area of the circle when the kreisumfang is 6pi in You deposit 4000 in an account earning 7% interest compounded monthly. How much will you have in the account in 15 years?