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شائع Word Problems >

Stefan is saving up money to buy a car. Stefan puts 5,813.00 into an account which earns 8.82% interest, compounded monthly. How much will he have in the account after 5 years?

الحلّ

St e f an i s s a v in g u p m o n ey t o b u y a c a r . St e f an p u t s 5, 813.00 in t o an a cco u n t w hi c h e a r n s 8.82% 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 h e ha v e in t h e a cco u n t a f t er 5 ye a rs ?

الحلّ

Amount : 9020.36

خطوات الحلّ

Translate the problem into an equation:

A = 5813 (1 + \frac{0.0882}{12})^{12 \cdot 5}

5813 (1 + \frac{0.0882}{12})^{12 \cdot 5} = 9020.35789 \dots

Round to the nearest hundredth:

9020.36

Amount : 9020.36

أمثلة شائعة

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