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인기 있는 Word Problems >

Nick puts 1,000.00 into an account to use for school expenses. The account earns 8% interest, compounded annually. How much will be in the account after 7 years?

해법

N i c k p u t s 1, 000.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 8% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 7 ye a rs ?

해법

Amount : 1713.82

솔루션 단계

Translate the problem into an equation:

A = 1000 (1 + \frac{0.08}{1})^{1 \cdot 7}

1000 (1 + \frac{0.08}{1})^{1 \cdot 7} = 1713.82426 \dots

가장 가까운 hundredth 으로 반올림:

1713.82

Amount : 1713.82

인기 있는 예

circle has a 원둘레 of 69.08 centimeters. What is the radius of the circle approximately? Use:3.14 for pi Sally walked 2 kilometers to school. If she walks at a speed of 0.5 kilometers per hour, how long does it take her to get to school Suppose 24,000 is deposited into an account paying 7.25% interest, which is compounded continuously.How much money will be in the account after ten years if no withdrawals or additional deposits are made?Hattie has recently inherited 8100, which she wants to deposit into an IRA account which compounds daily at an annual rate of 5.1%. How much would Hattie's balance be over 3.4 years? Round to two decimal places.Janelys invests money in an account paying a simple interest of 2.3% per year. If she invests 90 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?