it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Suppose that 10, 000 is invested at 7% interest. Find the amount of money in the account after 99 years if the interest is compounded annually.

Soluzione

S u pp ose t ha t 10, 000 i s in v es t e d a t 7​% in t eres t . F in d t h e am o u n t o f m o n ey in t h e a cco u n t a f t er 99 ye a rs i f t h e in t eres t i s co m p o u n d e d ann u a ll y .

Soluzione

Amount : 8109498.37

Fasi della soluzione

Translate the problem into an equation:

A = 10000 (1 + \frac{0.07}{1})^{1 \cdot 99}

10000 (1 + \frac{0.07}{1})^{1 \cdot 99} = 8109498.36977 \dots

Arrotondare all' hundredth più vicino:

8109498.37

Amount : 8109498.37

Esempi popolari

Eight times a number.a number less than ten the differenza between a number and 7/8 exceeds-2/3 number is greater than or equal to negative one.Lauren's age is half of Joe's age. Emma is four years older than Joe. The sum of Lauren, Emma, and Joe's age is 54. How old is Lauren?