es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Tiana deposited 60 in an account earning 10% interest compounded annually.To the nearest cent, how much will she have in 3 years?

Solución

Tiana deposited 60 in an account earning 10% interest compounded annually.To the nearest cent, how much will she have in 3 years?

Solución

Amount : 79.86

Pasos de solución

Translate the problem into an equation:

A = 60 (1 + \frac{0.1}{1})^{1 \cdot 3}

60 (1 + \frac{0.1}{1})^{1 \cdot 3} = 79.86

Amount : 79.86

Ejemplos populares

If 41,500 is deposited in an account at 1.4% annual interest, compounded monthly, how much money will be in the account after 11 years?You deposit 550 in an account that pays 5% annual interest. What is the balance after 3 years if the interest is compounded monthly?Jasmine deposited 700 in an account earning 9% interest compounded annually.To the nearest cent, how much will she have in 1 year?How many years will it take for an initial investment of 10,000 to grow to 25,000 at an interest rate of 6% compounded continuously?You deposit 5000 in an account earning 2% interest compounded continuously. How much will you have in the account in 15 years?