fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Supposed you deposit 10, 000 into an account that compounds continuously with an annual rate of 6.7%, How\ much\ money\ will\ you\ have\ in\ 3\ years?

Solution

S u pp ose d yo u d e p os i t 10, 000 in t o an a cco u n t t ha t co m p o u n d s co n t in u o u s l y w i t h an ann u a l r a t e o f 6.7%, Ho w : m u c h : m o n ey : w i ll : yo u : ha v e : in : 3 : ye a rs ?

Solution

Amount : 12226.25

étapes des solutions

Translate the problem into an equation:

A = 10000 e^{0.067 \cdot 3}

10000 e^{0.067 \cdot 3} = 12226.24771 \dots

Arrondir à hundredth la plus proche:

12226.25

Amount : 12226.25

Exemples populaires

george is 10 years older than bob. In 4 years he will be twice as old as bob. Find the present age of each In 2 years, Melissa wants to buy a bicycle that costs 400.00. If she opens a savings account that earns 3% interest compounded annually, how much will she have to deposit as principal to have enough money in 2 years to buy the bike?Kirk inherited some money from his grandfather and put it in a bank account that earns 3% interest compounded quarterly. After 10 years, Kirk had 500.00 in the bank account. How much interest did he earn?Paul's father is 55 years old. He is thirteen years older than one and half of Paul's age. How old is Paul?Anne opened a savings account and deposited 300.00. The account earns 13% interest, compounded quarterly. 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?