he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Find the final amount of money in an account if 5,800 is deposited at 5% interest compounded annually and the money is left for 10 years. The final amount is . Round answer to 2 decimal places

פתרון

F in d t h e f ina l am o u n t o f m o n ey in an a cco u n t i f 5, 800 i s d e p os i t e d a t 5% in t eres t co m p o u n d e d ann u a ll y an d t h e m o n ey i s l e f t f or 10 ye a rs . T h e f ina l am o u n t i s . R o u n d an s w er t o 2 d ec ima l pl a ces

פתרון

Amount : 9447.59

צעדי פתרון

Translate the problem into an equation:

A = 5800 (1 + \frac{0.05}{1})^{1 \cdot 10}

5800 (1 + \frac{0.05}{1})^{1 \cdot 10} = 9447.58883 \dots

Amount : 9447.58883 \dots

Round

9447.58883 \dots

to the nearest 2 decimal places:

9447.59

Amount : 9447.59

דוגמאות פופולריות

a square tile has an area of 36 square inches .what is the length of one side of the tile The sum of two numbers is zero. One number is nine less than the other. Find the numbers.Xin is going to invest in an account paying an interest rate of 5.8% compounded annually. How much would Xin need to invest, to the nearest hundred dollars, for the value of the account to reach 2,290 in 16 years?One number exceeds another by 11. The sum of the two numbers is 5. What are the numbers?Five times the difference of twice a number and 6 is-20