pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Blanche has recently inherited 8300, into an account that compounds monthly at an annual rate of 4%. How much would Blanche's balance be from Account 2 over 5 years? Round to two decimal places.

Solução

Bl an c h e ha s rece n tl y inh er i t e d 8300, in t o an a cco u n t t ha t co m p o u n d s m o n t h l y a t an ann u a l r a t e o f 4%. Ho w m u c h w o u l d Bl an c h e^{'} s ba l an ce b e f ro m A cco u n t 2 o v er 5 ye a rs ? R o u n d t o tw o d ec ima l pl a ces .

Solução

Amount : 8433.64

Passos da solução

Translate the problem into an equation:

A = 8300 (1 + \frac{0.04}{12})^{12 \cdot \frac{2}{5}}

8300 (1 + \frac{0.04}{12})^{12 \cdot \frac{2}{5}} = 8433.64368 \dots

Amount : 8433.64368 \dots

Round

8433.64368 \dots

to the nearest 2 decimal places:

8433.64

Amount : 8433.64

Exemplos populares

7000 are invested in a bank account at an interest rate of 4 percent per year.Find the amount in the bank after 9 years if interest is compounded monthly Problem 2. Determine the length of side x . Round your answer to 3 decimal places and include units in your answer.Natalie puts 400.00 into an account to use for school expenses. The account earns 4% interest, compounded quarterly. How much will be in the account after 8 years?Round your answer to the nearest cent.the sum of two consecutive even integers is 142 The difference of twice a number and 6 is less than-28.