Solución
Avery opened a savings account and deposited 200.00 as principal. The account earns 13% interest, compounded annually. What is the balance after 8 years?Round your answer to the nearest cent.
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
The diámetro of a circle is 6 m. Find its area in terms of pipi.Find the time required for an investment of 5000 to grow to 8000 at an instant rate of 7.5% per year, compounded quarterly.Marian invests 8,152.7 in a savings account with a fixed annual interest rate of 7.19 % compounded continuously. What will the account balance be after 8 years?The sum of 38 and twice a number x is 124 . What is-2x-5 ?:-101:-91:46:86Jace invested 380 in an account paying an interest rate of 6.2% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 15 years?