ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Tucker opened a savings account 4 years ago. The account earns 1% interest, compounded annually. If the current balance is 800.00, how much did he deposit initially?

Решение

T u c k er o p e n e d a s a v in g s a cco u n t 4 ye a rs a g o . T h e a cco u n t e a r n s 1% in t eres t, co m p o u n d e d ann u a ll y . I f t h e c u rre n t ba l an ce i s 800.00, h o w m u c h d i d h e d e p os i t ini t ia ll y ?

Решение

Principal : 768.78

Шаги решения

Translate the problem into an equation:

800 = P (1 + \frac{0.01}{1})^{1 \cdot 4}

Решите для

P, 800 = P (1 + \frac{0.01}{1})^{1 \cdot 4} : P = 768.78

Principal : 768.78

Популярные примеры

the sum of three consecutive odd integers is 321 the sum of number and-4 is greater than 15 Peter and Maggie deposit 1,000.00 into a savings account which earns 7% interest compounded monthly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?What is the surface площадь of a cube if its edge is 30cm ?It’s time to измененить порядок stethoscopes for the nursing staff. The purchasing department has found a vendor site that is selling stethoscopes for 25% less than our usual price of 80.00 per unit. What is the sales price per stethoscope from the new vendor?