de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

An amount of 23000 is borrowed for 11 years at 7.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

Lösung

A n am o u n t o f 23000 i s b orro w e d f or 11 ye a rs a t 7.25% in t eres t, co m p o u n d e d ann u a ll y . I f t h e l o an i s p ai d in f u ll a t t h e e n d o f t ha t p er i o d, h o w m u c h m u s t b e p ai d ba c k ?

Lösung

Amount : 49670.46

Schritte zur Lösung

Translate the problem into an equation:

A = 23000 (1 + \frac{0.0725}{1})^{1 \cdot 11}

23000 (1 + \frac{0.0725}{1})^{1 \cdot 11} = 49670.45581 \dots

Round to the nearest hundredth:

49670.46

Amount : 49670.46

Beliebte Beispiele

A fair coin is tossed 7 times. What is the probability that all tosses will be tails?The product of a number and 12 decreased by 13 is 611. Find the number.Akira is saving up money to buy a car. Akira puts 5,000.00 into an account which earns 7% interest, compounded quarterly. How much will she have in the account after 10 years?If a circle has a durchmesser of 32in ,:what is the radius?Tom has a circular clock with a kreisumfang of 39.88 inches. What is the radius of Tom's clock, to the nearest hundredth of an inch?