ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

Khalil puts 300.00 into an account to use for school expenses. The account earns 10% interest, compounded monthly. How much will be in the account after 10 years?

الحلّ

K ha l i l p u t s 300.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 10% 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 b e in t h e a cco u n t a f t er 10 ye a rs ?

الحلّ

Amount : 812.11

خطوات الحلّ

Translate the problem into an equation:

A = 300 (1 + \frac{0.1}{12})^{12 \cdot 10}

300 (1 + \frac{0.1}{12})^{12 \cdot 10} = 812.11244 \dots

Round to the nearest hundredth:

812.11

Amount : 812.11

أمثلة شائعة

This year, Benny is 12 years old. His brother, David, is 21 years old. What percent of Benny's age is David's age? Use a visual model to show your work.Matthew opened a savings account and deposited 200.00. The account earns 15% interest, compounded annually. If he wants to use the money to buy a new bicycle in 3 years, how much will he be able to spend on the bike?Carl placed 3600 in a savings account which compounds interest annually at a rate of 1.5%. How much will he have in the account after 6 years?Shawn puts 4,000.00 into an account to use for school expenses. The account earns 14% interest, compounded quarterly. How much will be in the account after 8 years?In the January Sale a shop advertises that all goods are to be discounted by 35% off the marked price.Tabitha pays the discounted price of 57.85 for a pair of shoes.What was the marked price before the discount?