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Popolare Word Problems >

a company invests R700000 into a bank account that pays 10% interest, compounding annually.how much will this investment be worth in 2 years

Soluzione

a co m p an y in v es t s R 700000 in t o a bank a cco u n t t ha t p a ys 10% in t eres t, co m p o u n d in g ann u a ll y . h o w m u c h w i ll t hi s in v es t m e n t b e w or t h in 2 ye a rs

Soluzione

Amount : 847000

Fasi della soluzione

Translate the problem into an equation:

A = 700000 (1 + \frac{0.1}{1})^{1 \cdot 2}

700000 (1 + \frac{0.1}{1})^{1 \cdot 2} = 847000

Amount : 847000

Esempi popolari

the sum of three consecutive even integers is 246.what are the integers mark is four years younger than robert. Twenty years ago, mark was thirteen years more than half the age of Robert. How old are they now Steve is three times as old as John. In 8 years, John's age will be one half that of Steve's. What are their present ages?Three consecutive even integers add up to 54. Which integers are they?In 36 years, Brendan will be five times as old as he is today. How old will Brendan be in seven years?