Solución
Emily puts 1, 000.00 into an account to use for school expenses. The account earns 15% interest, compounded monthly. How much will be in the account after 8 years?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
A person places 398 in an investment account earning an annual rate of 9.7%, compounded continuously, determine the amount of money, to the nearest cent, in the account after 7 years.Kendra has 1,757 in an account that earns 12% interest compounded annually.To the nearest cent, how much interest will she earn in 1 year?The product of two consecutive positive numbers is 42 . Find the numbers.Nine more than the quotient of a number and 2 equals 7.The sum of 2 times a number and 4 equals 3