de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

After ten years, how much money will you have accumulated from 5,000 invested in a savings account with a 5% annual interest rate that is compounded annually?

Lösung

A f t er t e n ye a rs, h o w m u c h m o n ey w i ll yo u ha v e a cc u m u l a t e d f ro m 5, 000 in v es t e d in a s a v in g s a cco u n t w i t h a 5% ann u a l in t eres t r a t e t ha t i s co m p o u n d e d ann u a ll y ?

Lösung

Amount : 8144.47

Schritte zur Lösung

Translate the problem into an equation:

A = 5000 (1 + \frac{0.05}{1})^{1 \cdot 10}

5000 (1 + \frac{0.05}{1})^{1 \cdot 10} = 8144.47313 \dots

Round to the nearest hundredth:

8144.47

Amount : 8144.47

Beliebte Beispiele

Zachary opened a savings account and deposited 800.00. The account earns 9% interest, compounded quarterly. If he wants to use the money to buy a new bicycle in 3 years, how much will he be able to spend on the bike?Three subtracted from three times a number is-54. What is the number?Sally is 6. Tom is one year older than sally. How old is Tom?vereinfachen find 2 consecutive whole numbers that sqrt(93) lies between negative 3 times the sum of twice a number and 3 is smaller than 2 less than the number