it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Shivani is saving up money to buy a car. Shivani puts 9, 375 into an account which earns 9% interest compounded annually. How much will she have in the account after 5 years?

Soluzione

S hi v ani i s s a v in g u p m o n ey t o b u y a c a r . S hi v ani p u t s 9, 375 in t o an a cco u n t w hi c h e a r n s 9% in t eres t co m p o u n d e d ann u a ll y . Ho w m u c h w i ll s h e ha v e in t h e a cco u n t a f t er 5 ye a rs ?

Soluzione

Amount : 14424.6

Fasi della soluzione

Translate the problem into an equation:

A = 9375 (1 + \frac{0.09}{1})^{1 \cdot 5}

9375 (1 + \frac{0.09}{1})^{1 \cdot 5} = 14424.59957 \dots

Arrotondare all' hundredth più vicino:

14424.6

Amount : 14424.6

Esempi popolari

Six less than two times a number is the same as six more than three times a number.Twenty years ago, Doug invested 14,000 at a simple interest rate of 7%. How much is that investment worth today?170 is 70 percent of what number?You deposit 24 in an account earning 5% interest compounded monthly. How much will you have in the account in 1 years?Roxanne opened a savings account 10 years ago. The account earns 6% interest, compounded quarterly. If the current balance is 300.00, how much did she deposit initially?