8000 are invested in a bank account at an interest rate of 6 percent per year. Find the amount in the bank after 12 years if interest is compounded monthly.

해법

해법

Amount : 16406.01

솔루션 단계

Translate the problem into an equation:

A = 8000 (1 + \frac{0.06}{12})^{12 \cdot 12}

8000 (1 + \frac{0.06}{12})^{12 \cdot 12} = 16406.00652 \dots

가장 가까운 hundredth 으로 반올림:

16406.01

Amount : 16406.01

인기 있는 예

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