ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Find the amount Erica owes at the end of 3 years if 5600 is loaned to her at a rate of 7 % compounded monthly.

Решение

F in d t h e am o u n t E r i c a o w es a t t h e e n d o f 3 ye a rs i f ​5600 i s l o an e d t o h er a t a r a t e o f 7 % co m p o u n d e d m o n t h l y .

Решение

Amount : 6904.38

Шаги решения

Translate the problem into an equation:

A = 5600 (1 + \frac{0.07}{12})^{12 \cdot 3}

5600 (1 + \frac{0.07}{12})^{12 \cdot 3} = 6904.38328 \dots

Округлите до ближайшего hundredth:

6904.38

Amount : 6904.38

Популярные примеры

One number exceeds another by 6. The sum of the numbers is 42. What are the numbers?6700 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 28 years the sum of 2 consecutive numbers is 55 The perimeter of a rectangular window is 286m.If the width of the window is 66m, what is its length?((2m^2n^3)/(3p))^4 . Assume that no denominator equals zero.