ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Darren invests 4, 500 into an account that earns 5% annual interest. How much will be in the account after 10 years if the interest rate is compounded annually

Решение

D a rre n in v es t s 4, 500 in t o an a cco u n t t ha t e a r n s 5% ann u a l in t eres t . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 10 ye a rs i f t h e in t eres t r a t e i s co m p o u n d e d ann u a ll y

Решение

Amount : 7330.03

Шаги решения

Translate the problem into an equation:

A = 4500 (1 + \frac{0.05}{1})^{1 \cdot 10}

4500 (1 + \frac{0.05}{1})^{1 \cdot 10} = 7330.02582 \dots

Округлите до ближайшего hundredth:

7330.03

Amount : 7330.03

Популярные примеры

35/12 as number The sum of a number and eighteen.What are the future value and the interest earned if 3000 IS INVESTED FOR 5 YEARS AT 8% compound quarterly ? Round to the nearest cent. What would the future value be?Mr.Mustard said: "Eight less than three times my age is 100." How old is Mr.Mustard?What is the volume of a sphere with a радиус of 9.9 ft, rounded to the nearest tenth of a cubic foot?