ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

Find the amount Erica owes at the end of 22 years if 6200 is loaned to her at a rate of 4 % compounded monthly.

الحلّ

F in d t h e am o u n t E r i c a o w es a t t h e e n d o f 22 ye a rs i f ​6200 i s l o an e d t o h er a t a r a t e o f 4 % co m p o u n d e d m o n t h l y .

الحلّ

Amount : 14925.72

خطوات الحلّ

Translate the problem into an equation:

A = 6200 (1 + \frac{0.04}{12})^{12 \cdot 22}

6200 (1 + \frac{0.04}{12})^{12 \cdot 22} = 14925.71965 \dots

Round to the nearest hundredth:

14925.72

Amount : 14925.72

أمثلة شائعة

Translate the following verbal statement to an algebraic equation.:8 less than the quotient of a number and 2 , is equal to 10.Kiara opened a savings account and deposited 600.00. The account earns 1% interest, compounded annually. If she wants to use the money to buy a new bicycle in 2 years, how much will she be able to spend on the bike?The circumference of a circle is 87.92 yards. What is the circle's radius?The sum of a number times 7 and 24 is at most-30.the sum of two consecutive integers is 105. find the two integers