it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

To start a new business Beth deposits 2000 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of 9 years?

Soluzione

T o s t a r t a n e w b u s in ess B e t h d e p os i t s ​2000 a t t h e e n d o f e a c h p er i o d in an a cco u n t t ha t p a ys 9​%, co m p o u n d e d m o n t h l y . Ho w m u c h w i ll s h e ha v e a t t h e e n d o f 9 ​ ye a rs ?

Soluzione

Amount : 4482.25

Fasi della soluzione

Translate the problem into an equation:

A = 2000 (1 + \frac{0.09}{12})^{12 \cdot 9}

2000 (1 + \frac{0.09}{12})^{12 \cdot 9} = 4482.24834 \dots

Arrotondare all' hundredth più vicino:

4482.25

Amount : 4482.25

Esempi popolari

One number is greater by 6 than twice another number, but 3 times the smaller number exceeds the greater number by 1. Find the numbers.The diametro of a circle is 8. What is the area of that circle?Wesley opened a savings account and deposited 212.00 as principal. The account earns 5% interest, compounded monthly. What is the balance after 4 years?Five times a number decreased by 7 times the same number is at most 20. what is the number?the sum of 7 and a number is 56