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Beliebt Word Problems >

victoria invests 300 dollars into an account with 2.5% interest rate that is compounded semiannually. how much money will she have in this account if she keep it for 5 years

Lösung

v i c t or ia in v es t s 300 d o ll a rs in t o an a cco u n t w i t h 2.5% in t eres t r a t e t ha t i s co m p o u n d e d se miann u a ll y . h o w m u c h m o n ey w i ll s h e ha v e in t hi s a cco u n t i f s h e k ee p i t f or 5 ye a rs

Lösung

Amount : 339.68

Schritte zur Lösung

Translate the problem into an equation:

A = 300 (1 + \frac{0.025}{2})^{2 \cdot 5}

300 (1 + \frac{0.025}{2})^{2 \cdot 5} = 339.68124 \dots

Round to the nearest hundredth:

339.68

Amount : 339.68

Beliebte Beispiele

The differenz of 25 and three times a number is-14. What is the number?How long does it take an account with a principal of 600 to earn 120 in interest at a simple annual interest rate of 4%?the larger of two numbers is 12 more than the smaller. their sum is 84. find te numbers eleven more than a number is seven “The sum of negative 12 and a number is negative fifteen.