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Beliebt Word Problems >

4000 invested in bank with 6.5 percent interest compounded annually. How much is in the account after 6years

Lösung

4000 in v es t e d in bank w i t h 6.5 p erce n t in t eres t co m p o u n d e d ann u a ll y . Ho w m u c h i s in t h e a cco u n t a f t er 6 ye a rs

Lösung

Amount : 5836.57

Schritte zur Lösung

Translate the problem into an equation:

A = 4000 (1 + \frac{0.065}{1})^{1 \cdot 6}

4000 (1 + \frac{0.065}{1})^{1 \cdot 6} = 5836.56918 \dots

Round to the nearest hundredth:

5836.57

Amount : 5836.57

Beliebte Beispiele

the sum of three consecutive odd numbers is greater than 111. Find the smallest possible product of these three numbers the forth number of(x+2/x)^6 30% of a number is 90 sqrt(1476) as a number the sum of twice a number x and 7 is at most 3