he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Jim puts 3,527.00 into an account to use for school expenses. The account earns 2% interest, compounded monthly. How much will be in the account after 8 years?

פתרון

J im p u t s 3, 527.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 2% 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 b e in t h e a cco u n t a f t er 8 ye a rs ?

פתרון

Amount : 4138.42

צעדי פתרון

Translate the problem into an equation:

A = 3527 (1 + \frac{0.02}{12})^{12 \cdot 8}

3527 (1 + \frac{0.02}{12})^{12 \cdot 8} = 4138.42162 \dots

Round to the nearest hundredth:

4138.42

Amount : 4138.42

דוגמאות פופולריות

If the radius of a sphere is 4.3cm , what is the volume of the sphere to the nearest cubic centimeter?Grayson puts 4,593.00 into an account to use for school expenses. The account earns 10% interest, compounded quarterly. How much will be in the account after 9 years?Angie is saving up money to buy a car. Angie puts 5,487.00 into an account which earns 2.67% interest, compounded monthly. How much will she have in the account after 5 years?The sum of the ages of Timmy and John is 30. How old are they, if John is twice as old as Timmy?Find the final amount of money in an account if 2,200 is deposited at 6.5% interest compounded weekly and the money is left for 10 years.