it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Jestoni deposits 520 into savings account that has a 3.5 % interest rate compounded monthly. What will be the:balance of Jestoni's savings account after 2 years?

Soluzione

J es t o ni d e p os i t s 520 in t o s a v in g s a cco u n t t ha t ha s a 3.5 % in t eres t r a t e co m p o u n d e d m o n t h l y . Wha t w i ll b e t h e : ba l an ce o f J es t o n i^{'} s s a v in g s a cco u n t a f t er 2 ye a rs ?

Soluzione

Amount : 557.65

Fasi della soluzione

Translate the problem into an equation:

A = 520 (1 + \frac{0.035}{12})^{12 \cdot 2}

520 (1 + \frac{0.035}{12})^{12 \cdot 2} = 557.64743 \dots

Arrotondare all' hundredth più vicino:

557.65

Amount : 557.65

Esempi popolari

In 3 years, Bobby wants to buy a bicycle that costs 700.00. If he opens a savings account that earns 7% interest compounded annually, how much will he have to deposit as principal to have enough money in 3 years to buy the bike?A savings account earns an interest rate of 2.75% compounded monthly for an account with an initial deposit of 5,000 dollars . How much money will be in the account after 8 years? Round your answer to the nearest hundredth.ten less than the quotient of a number and 3 is 8 i thought of a number . 4 times the number increased by 30 equals 70 decreased by the number. What was the number A die is tossed 3 times. What is the probability of no fives turning up? deciaml