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Популярное Word Problems >

Grace is saving up money to buy a car. Grace puts 7,000.00 into an account which earns 12% interest, compounded continuously. How much will she have in the account after 6 years?

Решение

G r a ce i s s a v in g u p m o n ey t o b u y a c a r . G r a ce p u t s 7, 000.00 in t o an a cco u n t w hi c h e a r n s 12% in t eres t, co m p o u n d e d co n t in u o u s l y . Ho w m u c h w i ll s h e ha v e in t h e a cco u n t a f t er 6 ye a rs ?

Решение

Amount : 14381.03

Шаги решения

Translate the problem into an equation:

A = 7000 e^{0.12 \cdot 6}

7000 e^{0.12 \cdot 6} = 14381.03247 \dots

Округлите до ближайшего hundredth:

14381.03

Amount : 14381.03

Популярные примеры

a number less 5 divided by 42 Kimberly has 400 in an account that earns 5% interest compounded annually.To the nearest cent, how much will she have in 1 year?1.3 Kagiso and Tshepang are brothers. Kagiso's age is 3times Tshepang's age.:In 6 years' time Kagiso's age will be twice Tshepang's age. Calculate the present:age of Kagiso (The elder brother)The quotient of 17 and a number is one sixth Stefan is saving up money to buy a car. Stefan puts 5, 000.00 into an account which earns 13% interest, compounded annually. How much will he have in the account after 10 years? Round your answer to the nearest cent.