de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Find the final amount of money in an account if 2, 200 is deposited at 5.5 % interest compounded weekly and the money is left for 9 years. Round the answer to 2 decimal places.

Lösung

F in d t h e f ina l am o u n t o f m o n ey in an a cco u n t i f 2, 200 i s d e p os i t e d a t 5.5 % in t eres t co m p o u n d e d w ee k l y an d t h e m o n ey i s l e f t f or 9 ye a rs . R o u n d t h e an s w er t o 2 d ec ima l pl a ces .

Lösung

Amount : 3608.15

Schritte zur Lösung

Translate the problem into an equation:

A = 2200 (1 + \frac{0.055}{52})^{52 \cdot 9}

2200 (1 + \frac{0.055}{52})^{52 \cdot 9} = 3608.15213 \dots

Amount : 3608.15213 \dots

Round

3608.15213 \dots

to the nearest 2 decimal places:

3608.15

Amount : 3608.15

Beliebte Beispiele

The sum of a number times 10 and 23 is less than-26.12 less than the quotient of a number and 4 Deshaun needs 18464 for a future project. He can invest 4000 now at an annual rate of 8% , compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project?Sylvia decides to put a recent 85,600 inheritance away into an investment account gaining 9.5% interest compounded monthly. How much will be in the account at the end of 10 years? Round to the nearest cent. Explain how you got your answer ten is no more than four less than a number