es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Antonio is saving up money to buy a car. Antonio puts 10,000.00 into an account which earns 12% interest, compounded annually. How much will he have in the account after 7 years?

Solución

A n t o ni o i s s a v in g u p m o n ey t o b u y a c a r . A n t o ni o p u t s 10, 000.00 in t o an a cco u n t w hi c h e a r n s 12% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll h e ha v e in t h e a cco u n t a f t er 7 ye a rs ?

Solución

Amount : 22106.81

Pasos de solución

Translate the problem into an equation:

A = 10000 (1 + \frac{0.12}{1})^{1 \cdot 7}

10000 (1 + \frac{0.12}{1})^{1 \cdot 7} = 22106.81407 \dots

Redondear al más cercano hundredth:

22106.81

Amount : 22106.81

Ejemplos populares

a number that when decreased by 60% is 40 Wyatt inherited some money from his grandfather and put it in a bank account that earns 14% interest compounded monthly. After 10 years, Wyatt had 1, 000.00 in the bank account. How much interest did he earn?Round your answer to the nearest cent.What is the result when the number 90 is decreased by 50%?A number x increased by 7 is at most 26 the diferencia of a number and 15 is less than or equal to 38