ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

You deposit 3000 in an account earning 5% interest compounded monthly. How much will you have in the account in 69 years?

Решение

Y o u d e p os i t 3000 in an a cco u n t e a r nin g 5% in t eres t co m p o u n d e d m o n t h l y . Ho w m u c h w i ll yo u ha v e in t h e a cco u n t in 69 ye a rs ?

Решение

Amount : 93826.25

Шаги решения

Translate the problem into an equation:

A = 3000 (1 + \frac{0.05}{12})^{12 \cdot 69}

3000 (1 + \frac{0.05}{12})^{12 \cdot 69} = 93826.25226 \dots

Округлите до ближайшего hundredth:

93826.25

Amount : 93826.25

Популярные примеры

The окружность of a circle is 6pi ft. What is the area, in square feet? Express your answer in terms of If I have \$200, and my savings bond pays 4% interest, how much interest will I earn after 7 years?Find the amount in the account for the given principal, interest rate, time, and compounding period.Pequals1,900, requals3.5%, tequals4 years; compounded daily find the area of a circle with a диаметр of 35.2.cm A loan of 14,000 is made at 6.75% interest, compounded annually. After how many years will the amount due reach 35,000 or more?