it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Nate deposited 1,000 in an account earning 5% interest compounded annually.To the nearest cent, how much will he have in 4 years?

Soluzione

N a t e d e p os i t e d 1, 000 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 ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll h e ha v e in 4 ye a rs ?

Soluzione

Amount : 1215.51

Fasi della soluzione

Translate the problem into an equation:

A = 1000 (1 + \frac{0.05}{1})^{1 \cdot 4}

1000 (1 + \frac{0.05}{1})^{1 \cdot 4} = 1215.50625

Arrotondare all' hundredth più vicino:

1215.51

Amount : 1215.51

Esempi popolari

Pamela is 10 years younger than Jiri. The sum of their ages is 70 . What is Jiri's age?What is the media speed of a race car if it reaches the finish line of a 420km long race in one and a half hours?The greater of 2 numbers is 15 more than the lesser number . 5 times the greater number is 40 more than 12 times the lesser numbers . What is the lesser number The sum of two numbers is 1111. Thrice the smaller number is five greater than the larger number. What are the numbers?a number added to 7 is 25