de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Find the final amount of money in an account if 6,700 is deposited at 3.5% interest compounded annually and the money is left for 10 years.

Lösung

F in d t h e f ina l am o u n t o f m o n ey in an a cco u n t i f 6, 700 i s d e p os i t e d a t 3.5% in t eres t co m p o u n d e d ann u a ll y an d t h e m o n ey i s l e f t f or 10 ye a rs .

Lösung

Amount : 9451.01

Schritte zur Lösung

Translate the problem into an equation:

A = 6700 (1 + \frac{0.035}{1})^{1 \cdot 10}

6700 (1 + \frac{0.035}{1})^{1 \cdot 10} = 9451.01169 \dots

Round to the nearest hundredth:

9451.01

Amount : 9451.01

Beliebte Beispiele

Estimate a 5% tip on a bill of 57.48 Find the amount in the account for the given principal, interest rate, time, and compounding period.Pequals3,940, requals5.5%, tequals19 years; compounded monthly Find the two consecutive integers such that three times the smaller integer added to two times the greater integer equals 42 Find two consecutive whole numbers that sqrt(47) lies between.42 decreased by twice a number