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人気のある Word Problems >

What principle will amount to 10000 if invested at 5.5% compounded monthly for 18 years?

解

Wha t p r in c i pl e w i ll am o u n t t o 10000 i f in v es t e d a t 5.5% co m p o u n d e d m o n t h l y f or 18 ye a rs ?

解

Principal : 3724.18

解答ステップ

Translate the problem into an equation:

10000 = P (1 + \frac{0.055}{12})^{12 \cdot 18}

P

を解く

10000 = P (1 + \frac{0.055}{12})^{12 \cdot 18} : P = 3724.18

Principal : 3724.18

人気の例

Aisha is going to invest in an account paying an interest rate of 2.7% compounded quarterly. How much would Aisha need to invest, to the nearest ten dollars, for the value of the account to reach 6,800 in 16 years?4 times what number equals 15 twice a number added to 3 is less than or equal to 12 Six more than seven times a number is forty-eight. Find the number.The 差 between eight times a number and one more than seven times the number