it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

You deposit 24 in an account earning 5% interest compounded monthly. How much will you have in the account in 155 years?

Soluzione

Y o u d e p os i t 24 in an a cco u n t e a r nin g 5% in t eres t 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 yo u ha v e in t h e a cco u n t in 155 ye a rs ?

Soluzione

Amount : 54827.8

Fasi della soluzione

Translate the problem into an equation:

A = 24 (1 + \frac{0.05}{12})^{12 \cdot 155}

24 (1 + \frac{0.05}{12})^{12 \cdot 155} = 54827.80346 \dots

Arrotondare all' hundredth più vicino:

54827.8

Amount : 54827.8

Esempi popolari

6 minus 3 times a number is less than 30 What principle will amount to 1500 if invested at 8% compounded quarterly for 18 years?The Principle was Maureen opened a savings account and deposited 600.00 as principal. The account earns 9% interest, compounded monthly. What is the balance after 5 years?twice a number is eleven Lauren's age is a quarter of Joe's age. Emma is four years older than Joe. The sum of Lauren, Emma, and Joe's age is 54. How old is Joe?