ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Find the amount to which 800 will grow under each of these conditions:8% compounded annually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.

Решение

F in d t h e am o u n t t o w hi c h 800 w i ll g ro w u n d er e a c h o f t h ese co n d i t i o n s : 8% co m p o u n d e d ann u a ll y f or 10 ye a rs . Do n o t ro u n d in t er m e d ia t e c a l c u l a t i o n s . R o u n d yo u r an s w er t o t h e n e a res t ce n t .

Решение

Amount : 1727.14

Шаги решения

Translate the problem into an equation:

A = 800 (1 + \frac{0.08}{1})^{1 \cdot 10}

800 (1 + \frac{0.08}{1})^{1 \cdot 10} = 1727.13999 \dots

Округлите до ближайшего hundredth:

1727.14

Amount : 1727.14

Популярные примеры

The product of two consecutive positive numbers is 156 . Find the numbers.Connor invested 77,000 in an account paying an interest rate of 4.5% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 12 years?Write a function in terms of t that represents the situation.Sales of 10,000 increase by 65% each year.The окружность of a circle is 81.64 meters. What is the circle's diameter?The sum of an integer and 5 times the next consecutive odd integer is 29. Find the value of the lesser integer.