fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

You deposit 3000 in an account earning 6% interest compounded monthly. How much will you have in the account in 10 years?

Solution

Y o u d e p os i t 3000 in an a cco u n t e a r nin g 6% in t eres t co m p o u n d e d m o n t h l y . Ho w m u c h w i ll yo u ha v e in t h e a cco u n t in 10 ye a rs ?

Solution

Amount : 5458.19

étapes des solutions

Translate the problem into an equation:

A = 3000 (1 + \frac{0.06}{12})^{12 \cdot 10}

3000 (1 + \frac{0.06}{12})^{12 \cdot 10} = 5458.19020 \dots

Arrondir à hundredth la plus proche:

5458.19

Amount : 5458.19

Exemples populaires

The circonférence of a circle is 3pi inches. What is the area?Ishaan is 7 times as old as Christopher and is also 35 years older than Christopher. How old is Christopher?40.32 is 76.8% of what number seven less than a number is eleven April took out 600 loan from the bank. At the end of 5 years, she pays back the principal, plus 60 simple interest what was the annual interest rate