ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

Rosa opened a savings account and deposited 700.00 as principal. The account earns 14% interest, compounded annually. What is the balance after 3 years?

الحلّ

R os a o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 700.00 a s p r in c i p a l . T h e a cco u n t e a r n s 14% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 3 ye a rs ?

الحلّ

Amount : 1037.08

خطوات الحلّ

Translate the problem into an equation:

A = 700 (1 + \frac{0.14}{1})^{1 \cdot 3}

700 (1 + \frac{0.14}{1})^{1 \cdot 3} = 1037.0808

Round to the nearest hundredth:

1037.08

Amount : 1037.08

أمثلة شائعة

The diameter of a circle is 2 inches. If pi = 3.14, what is the area of the circle After 85% reduction a new sofa is on sale for 93\$. What was the original price of the sofa The diameter of a circle is 34 feet. What is the circle's circumference?You deposit 50 in an investment account that earns 3.2% annual interest compounded annually.What is the balance of the account after 4 years?number that multiplies to 139