ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Cody is saving up money to buy a car. Cody puts 8,000.00 into an account which earns 2% interest, compounded annually. How much will he have in the account after 7 years?

Решение

C o d y i s s a v in g u p m o n ey t o b u y a c a r . C o d y p u t s 8, 000.00 in t o an a cco u n t w hi c h e a r n s 2% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll h e ha v e in t h e a cco u n t a f t er 7 ye a rs ?

Решение

Amount : 9189.49

Шаги решения

Translate the problem into an equation:

A = 8000 (1 + \frac{0.02}{1})^{1 \cdot 7}

8000 (1 + \frac{0.02}{1})^{1 \cdot 7} = 9189.48534 \dots

Округлите до ближайшего hundredth:

9189.49

Amount : 9189.49

Популярные примеры

What is the окружность of a circle with area 49Pi? Round to the nearest tenth.two more than three times a number is eight more than that number. find the number Lorenzo took out a loan from a bank at 14% interest compounded annually. After 3 years, the balance on the loan was 8,000.00. How much interest had accumulated on the loan?The sum of two numbers is 18. Their разность is-8 Find the two numbers Keddy bought a soft toy at a discount of 40%.After discount, the price is 24.What is the usual price of the soft toy?