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شائع Word Problems >

9000 dollars is placed in an account with an annual interest rate of 7.75%. How much will be in the account after 18 years, to the nearest cent?

الحلّ

9000 d o ll a rs i s pl a ce d in an a cco u n t w i t h an ann u a l in t eres t r a t e o f 7.75%. Ho w m u c h w i ll b e in t h e a cco u n t a f t er 18 ye a rs, t o t h e n e a res t ce n t ?

الحلّ

Amount : 21555

خطوات الحلّ

Translate the problem into an equation:

A = 9000 (1 + 0.0775 \cdot 18)

9000 (1 + 0.0775 \cdot 18) = 21555

Amount : 21555

أمثلة شائعة

6900 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 26 years, to the nearest cent?Suppose your friend's parents invest 10, 000 in an account paying 7% compounded annually. What will the balance be after 6 years?Tiana deposited 60 in an account earning 10% interest compounded annually.To the nearest cent, how much will she have in 3 years?If 41,500 is deposited in an account at 1.4% annual interest, compounded monthly, how much money will be in the account after 11 years?You deposit 550 in an account that pays 5% annual interest. What is the balance after 3 years if the interest is compounded monthly?