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Beliebt Word Problems >

400.00. The account earns 12% interest, compounded annually. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?

Lösung

400.00. T h e a cco u n t e a r n s 12% in t eres t, co m p o u n d e d ann u a ll y . I f h e w an t s t o u se t h e m o n ey t o b u y a n e w bi cyc l e in 2 ye a rs, h o w m u c h w i ll h e b e ab l e t o s p e n d o n t h e bik e ?

Lösung

Amount : 501.76

Schritte zur Lösung

Translate the problem into an equation:

A = 400 (1 + \frac{0.12}{1})^{1 \cdot 2}

400 (1 + \frac{0.12}{1})^{1 \cdot 2} = 501.76

Amount : 501.76

Beliebte Beispiele

a pair of standard dice are rolled. find the probability of rolling sum of 2 with these dice.in a fun run sponsored by the local government, 35 percent discount is offered for a pair of pants. if the original price of the said item was 500 what is its price after the discount 10% of what number is 13 Find three consecutive even integers such that the square of the third is 4 more than the square of the second. The smallest integer is The middle integer is The largest integer is 5 years from now Paul will be twice as old as Jose.The current sum of the ages of Paul and Jose is 62.How old is Jose right now?