es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Leo has 20 in an account that earns 5% interest compounded annually.To the nearest cent, how much will he have in 1 year?

Solución

L eo ha s 20 in an a cco u n t t ha t e a r n s 5% in t eres t co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll h e ha v e in 1 ye a r ?

Solución

Amount : 21

Pasos de solución

Translate the problem into an equation:

A = 20 (1 + \frac{0.05}{1})^{1 \cdot 1}

20 (1 + \frac{0.05}{1})^{1 \cdot 1} = 21

Amount : 21

Ejemplos populares

The radius of a círculo is 3 m. Find its area in terms of pipi.The price of a pizza plus 14% delivery charge comes to a total cost of 18.24. What was the price of the pizza? Describe the situation as a lineal equation, using x as the variable to describe the unknown quantity.Twice the diferencia of a number and 8 equals 3 the quotient of a number and 4 Kaylee invested 830 in an account paying an interest rate of 6.6% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 1,260?