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Популярное Word Problems >

juilo invest 15,000 in a savings that pays %1.5 how much will be in the account after 5 years if julio makes no withdraws or deposits

Решение

j u i l o in v es t 15, 000 in a s a v in g s t ha t p a ys %1.5 h o w m u c h w i ll b e in t h e a cco u n t a f t er 5 ye a rs i f j u l i o mak es n o w i t h d r a w s or d e p os i t s

Решение

Amount : 16125

Шаги решения

Translate the problem into an equation:

A = 15000 (1 + 0.015 \cdot 5)

15000 (1 + 0.015 \cdot 5) = 16125

Amount : 16125

Популярные примеры

At what rate of interest will Rs. 2500 amount to Rs. 3200 in 7 years?rebecca and chris borrowed 2000 at an interest rate of 7% for a period of 3 years. What was the interest?Calculate the accumulated value of a 7-year continuous annuity of 1000 per year.The annual effective interest rate is 10%.Sam deposited 3500 into the bank. The account earns 2% interest compounded annually. What is his balance at the end of 8 years?How much money will there be in an account at the end of 5 years if 8000 dollars is deposited at 4% interest compounded semi-annually