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פּוֹפּוּלָרִי Word Problems >

Ted opened a savings account and deposited 800.00 as principal. The account earns 10% interest, compounded annually. What is the balance after 5 years? write 3 decimals

פתרון

T e d o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 800.00 a s p r in c i p a l . T h e a cco u n t e a r n s 10% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 5 ye a rs ? w r i t e 3 d ec ima l s

פתרון

Amount : 1288.408

צעדי פתרון

Translate the problem into an equation:

A = 800 (1 + \frac{0.1}{1})^{1 \cdot 5}

800 (1 + \frac{0.1}{1})^{1 \cdot 5} = 1288.408

Amount : 1288.408

דוגמאות פופולריות

twelve minus a number is-27 Aaliyah opened a savings account and deposited 1,000.00 as principal. The account earns 15% interest, compounded quarterly. What is the balance after 5 years?Four times the sum of some number and 2 is equal to 8 times the number minus 24.Find the volume of a sphere that has a radius of 36 inches. Use 3.14 for pi The sphere's volume is cubic inches.Jake is saving up money to buy a car. Jake puts 8,000.00 into an account which earns 6% interest, compounded annually. How much will he have in the account after 10 years?