he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Maureen opened a savings account and deposited 600.00 as principal. The account earns 9% interest, compounded monthly. What is the balance after 5 years? round to nearest tenth

פתרון

M a u ree n 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 600.00 a s p r in c i p a l . T h e a cco u n t e a r n s 9% in t eres t, co m p o u n d e d m o n t h l y . Wha t i s t h e ba l an ce a f t er 5 ye a rs ? ro u n d t o n e a res t t e n t h

פתרון

Amount : 939.41

צעדי פתרון

Translate the problem into an equation:

A = 600 (1 + \frac{0.09}{12})^{12 \cdot 5}

600 (1 + \frac{0.09}{12})^{12 \cdot 5} = 939.40861 \dots

Round to the nearest hundredth:

939.41

Amount : 939.41

דוגמאות פופולריות

the sum of two consecutive integers is-213 The volume of a cube is 0.015625 m3. Determine the length of each side.The sum of three numbers is 16. The sum of twice the first number, 3 times the second number, and 4 times the third number is 50. The difference between 3 times the first number and the second number is 1. Find the three numbers.Lucia deposited 8,000 in a savings account with simple interest. Five years later, she had earned 1,200 in interest. What was the interest rate?5 more than three times a number