es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

You deposit 180 in an investment account that earns 4.9% annual interest compounded annually.What is the balance of the account after 5 years?

Solución

You deposit 180 in an investment account that earns 4.9% annual interest compounded annually.What is the balance of the account after 5 years?

Solución

Amount : 228.64

Pasos de solución

Translate the problem into an equation:

A = 180 (1 + \frac{0.049}{1})^{1 \cdot 5}

180 (1 + \frac{0.049}{1})^{1 \cdot 5} = 228.63880 \dots

Round to the nearest hundredth:

228.64

Amount : 228.64

Ejemplos populares

A number increased by 50 is less than or equal to 64 The radius of a circle is 13 ft. Find its circunferencia in terms of pipi.Question 4: Lauren is 3 years older than Megan and Alyssa is 6 years younger than Megan. The:sum of their ages is 42 . How old is each girl?two more than 5 times a number is 77 Khalil deposited 200.00 into a new savings account that earns 4% interest compounded annually. How long will it take for the balance to grow to 227.00?