fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Rebecca puts 300.00 into an account to use for school expenses. The account earns 6% interest, compounded monthly. How much will be in the account after 7 years?

Solution

R e b ecc a p u t s 300.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 6% in t eres t, co m p o u n d e d m o n t h l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 7 ye a rs ?

Solution

Amount : 456.11

étapes des solutions

Translate the problem into an equation:

A = 300 (1 + \frac{0.06}{12})^{12 \cdot 7}

300 (1 + \frac{0.06}{12})^{12 \cdot 7} = 456.11089 \dots

Arrondir à hundredth la plus proche:

456.11

Amount : 456.11

Exemples populaires

44% of a number is 88 The circonférence of a circle is 9pi in. What is the area, in square inches? Express your answer in terms of pipi.negative four times a number is less than five The sum of two numbers is 56 and their différence is 38 . Set up two equations by letting x and y be the two numbers.Use x as the larger of the 2 numbers.Sum equation:Thomas is 4 times as old as John. In 12 years' time Thomas will be twice as old as John. What are their present ages?