pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

You deposit 16000 in an account earning 9% interest compounded monthly. How much will you have in the account in 1 years?

Solução

Y o u d e p os i t 16000 in an a cco u n t e a r nin g 9% 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 1 ye a rs ?

Solução

Amount : 17500.91

Passos da solução

Translate the problem into an equation:

A = 16000 (1 + \frac{0.09}{12})^{12 \cdot 1}

16000 (1 + \frac{0.09}{12})^{12 \cdot 1} = 17500.91036 \dots

Round to the nearest hundredth:

17500.91

Amount : 17500.91

Exemplos populares

four more than the quotient of a number and 8 equals 6 The radius of a circle is 10.9 ft. Find the circunferência the perimeter of a square is 2sqrt(3) Find its área A person invests 10000 dollars in a bank. The bank pays 6.5% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 29500 dollars?jennifer is 7 years younger than melissa. in 4 years time jennifer will be 1 year older than half of melissa's age at that time. How old are jennifer and melissa now?