es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

You deposit 8000 in an account earning 7% interest compounded monthly. How much will you have in the account in 1 year?

Solución

You deposit 8000 in an account earning 7% interest compounded monthly. How much will you have in the account in 1 year?

Solución

Amount : 8578.32

Pasos de solución

Translate the problem into an equation:

A = 8000 (1 + \frac{0.07}{12})^{12 \cdot 1}

8000 (1 + \frac{0.07}{12})^{12 \cdot 1} = 8578.32064 \dots

Round to the nearest hundredth:

8578.32

Amount : 8578.32

Ejemplos populares

put 10, 000.00 into an account which earns interest compounded quarterly. After 2 years, she withdrew the entire balance of 10, 274.00 . What was the interest rate on the account?7 less than 4 times a number some number plus 24 two increase by five times a number A Circle has a circunferencia of 22 feet. What is the circle's diameter?