ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

A principal of 3400 is invested at 8 percent interest , compounded annually . How much will the investment be worth after 12 years. Round to the nearest dollar

Решение

A p r in c i p a l o f 3400 i s in v es t e d a t 8 p erce n t in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll t h e in v es t m e n t b e w or t h a f t er 12 ye a rs . R o u n d t o t h e n e a res t d o ll a r

Решение

Amount : 8561.78

Шаги решения

Translate the problem into an equation:

A = 3400 (1 + \frac{0.08}{1})^{1 \cdot 12}

3400 (1 + \frac{0.08}{1})^{1 \cdot 12} = 8561.77839 \dots

Округлите до ближайшего hundredth:

8561.78

Amount : 8561.78

Популярные примеры

Zeke and Edna deposit 3,389.00 into a savings account which earns 6% interest compounded quarterly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?Isabelle opened a savings account and deposited 1,000.00 as principal. The account earns 12% interest, compounded annually. What is the balance after 10 years?Tom rode his bike at a speed of 8 kilometers per hour for 3 hours. How far did he travel?3 is 15% of what number?What number is 86% of 50