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인기 있는 Word Problems >

Spencer deposited 10 in an account earning 5% interest compounded annually.To the nearest cent, how much will he have in 3 years?

해법

Sp e n cer d e p os i t e d 10 in an a cco u n t e a r nin g 5% in t eres t co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll h e ha v e in 3 ye a rs ?

해법

Amount : 11.58

솔루션 단계

Translate the problem into an equation:

A = 10 (1 + \frac{0.05}{1})^{1 \cdot 3}

10 (1 + \frac{0.05}{1})^{1 \cdot 3} = 11.57625

가장 가까운 hundredth 으로 반올림:

11.58

Amount : 11.58

인기 있는 예

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