he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Linda opened a savings account and deposited 7,000.00 as principal. The account earns 4% interest, compounded annually. What is the balance after 4 years?

פתרון

L in d a o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 7, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 4% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 4 ye a rs ?

פתרון

Amount : 8189.01

צעדי פתרון

Translate the problem into an equation:

A = 7000 (1 + \frac{0.04}{1})^{1 \cdot 4}

7000 (1 + \frac{0.04}{1})^{1 \cdot 4} = 8189.00992

Round to the nearest hundredth:

8189.01

Amount : 8189.01

דוגמאות פופולריות

ln(ln(e^{e^9})) Enter a number.Miko bought an oven at a discount of 30%.After discount, the price is 336.What is the usual price of the oven?Kyle earned some money doing odd jobs last summer and put it in a savings account that earns 4% interest compounded annually. After 6 years, there is 1,000.00 in the account. How much did Kyle earn doing odd jobs?Round your answer to the nearest cent.The circumference of a circle is 11pipi cm. Find its radius, in centimeters.the number times-26