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شائع Word Problems >

what is the balance after 7 years if 54000 is invested at 6% compound annually

الحلّ

w ha t i s t h e ba l an ce a f t er 7 ye a rs i f 54000 i s in v es t e d a t 6% co m p o u n d ann u a ll y

الحلّ

Amount : 81196.03

خطوات الحلّ

Translate the problem into an equation:

A = 54000 (1 + \frac{0.06}{1})^{1 \cdot 7}

54000 (1 + \frac{0.06}{1})^{1 \cdot 7} = 81196.03398 \dots

Round to the nearest hundredth:

81196.03

Amount : 81196.03

أمثلة شائعة

find the circumference of a circle having 3.1 cm of diameter When a number is increased by 9.5%, the result is 58. What is the original number to the nearest tenth?The sum of two numbers is 74 and their difference is 24. Find the numbers The sum of two even consecutive integers is 46. Find the two integers.A circular table has a circumference of 124124 inches. What is the area of the table? If needed, use an approximation for �pi and round your answer to one decimal place.