fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Suppose 30,000 is deposited into an account paying 3.5% interest, compounded annually. How much money is in the account after ten years if no withdrawals or additional deposits are made?

Solution

S u pp ose 30, 000 i s d e p os i t e d in t o an a cco u n t p a y in g 3.5% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h m o n ey i s in t h e a cco u n t a f t er t e n ye a rs i f n o w i t h d r a w a l s or a dd i t i o na l d e p os i t s a re ma d e ?

Solution

Amount : 42317.96

étapes des solutions

Translate the problem into an equation:

A = 30000 (1 + \frac{0.035}{1})^{1 \cdot 10}

30000 (1 + \frac{0.035}{1})^{1 \cdot 10} = 42317.96281 \dots

Arrondir à hundredth la plus proche:

42317.96

Amount : 42317.96

Exemples populaires

Zack and Amy deposit 500.00 into a savings account which earns 10% interest compounded continuously. They want to use the money in the account to go on a trip in 1 year. How much will they be able to spend?a telephone cost 250. the sales tax is 7.5%. how much does it cost after tax the product of 2 and a number Tyler sold his car for 35 600. He invested this amount at 7.2% pa with interest compounded annually. What is the value of his investment in 15 years?Each side of a square sticky note is 7 centimeters long. What is the sticky note's aire?