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Beliebt Word Problems >

Suppose that 10, 000 is invested at 7% interest. Find the amount of money in the account after 99 years if the interest is compounded annually.

Lösung

S u pp ose t ha t 10, 000 i s in v es t e d a t 7​% in t eres t . F in d t h e am o u n t o f m o n ey in t h e a cco u n t a f t er 99 ye a rs i f t h e in t eres t i s co m p o u n d e d ann u a ll y .

Lösung

Amount : 8109498.37

Schritte zur Lösung

Translate the problem into an equation:

A = 10000 (1 + \frac{0.07}{1})^{1 \cdot 99}

10000 (1 + \frac{0.07}{1})^{1 \cdot 99} = 8109498.36977 \dots

Round to the nearest hundredth:

8109498.37

Amount : 8109498.37

Beliebte Beispiele

Eight times a number.a number less than ten the differenz between a number and 7/8 exceeds-2/3 number is greater than or equal to negative one.Lauren's age is half 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 Lauren?