fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Amelia opened a savings account and deposited 500.00 as principal. The account earns 12% interest, compounded annually. What is the balance after 4 years?

Solution

A m e l ia 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 500.00 a s p r in c i p a l . T h e a cco u n t e a r n s 12% 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 4 ye a rs ?

Solution

Amount : 786.76

étapes des solutions

Translate the problem into an equation:

A = 500 (1 + \frac{0.12}{1})^{1 \cdot 4}

500 (1 + \frac{0.12}{1})^{1 \cdot 4} = 786.75968

Arrondir à hundredth la plus proche:

786.76

Amount : 786.76

Exemples populaires

Two numbers have a sum of 13 and a différence of 5:What are these two numbers?This year the number of dog grooming appointments at the local pet store was 725. Each year the number of appointments increases by 3%.The radius of a circle is 3.8 m. Find the circonférence to the nearest tenth The sum of the reciprocals of 2 consecutive integers is 23/132 . Find the numbers An ordinary die is tossed. What is the probability of getting a 3 or a 4?