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Popolare Word Problems >

Chad is saving up money to buy a car. Chad puts 8,519.00 into an account which earns 14% interest, compounded annually. How much will he have in the account after 10 years?

Soluzione

C ha d i s s a v in g u p m o n ey t o b u y a c a r . C ha d p u t s 8, 519.00 in t o an a cco u n t w hi c h e a r n s 14% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll h e ha v e in t h e a cco u n t a f t er 10 ye a rs ?

Soluzione

Amount : 31581.82

Fasi della soluzione

Translate the problem into an equation:

A = 8519 (1 + \frac{0.14}{1})^{1 \cdot 10}

8519 (1 + \frac{0.14}{1})^{1 \cdot 10} = 31581.81837 \dots

Arrotondare all' hundredth più vicino:

31581.82

Amount : 31581.82

Esempi popolari

72 is a natural number when six is subtracted from five times a number, the result is nine the sum of three consecutive odd integers is 369. find the three integers The square of a number is 3 less than four times the number. Which values could be the number?27^{4/3} :Enter an esatto number.