pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Maggie earned some money doing odd jobs last summer and put it in a savings account that earns 13% interest compounded monthly. After 9 years, there is 700.00 in the account. How much did Maggie earn doing odd jobs?

Solução

M a gg i e e a r n e d so m e m o n ey d o in g o dd j o b s l a s t s u mm er an d p u t i t in a s a v in g s a cco u n t t ha t e a r n s 13% in t eres t co m p o u n d e d m o n t h l y . A f t er 9 ye a rs, t h ere i s 700.00 in t h e a cco u n t . Ho w m u c h d i d M a gg i e e a r n d o in g o dd j o b s ?

Solução

Principal : 218.63

Passos da solução

Translate the problem into an equation:

700 = P (1 + \frac{0.13}{12})^{12 \cdot 9}

Resolver para

P, 700 = P (1 + \frac{0.13}{12})^{12 \cdot 9} : P = 218.63

Principal : 218.63

Exemplos populares

6 more than halt of a number 6 years from now Sharon will be 28 years old. The current sum of the ages of Sharon and Peter is 30. How old is Peter right now?Martha invests 7800 in a new savings account which earns 5.1% annual interest, compounded semi-annually. What will be the value of her investment after 5 years? Round to the nearest cent.at a local grocery store, a bottle of water costs 1.25 . At a baseball stadium, the cost of a bottle of the same brand water increases by 80%. What is the cost of a bottle of water at the stadium in dollars and cents?Deion opened a savings account 2 years ago. The account earns 6% interest, compounded annually. If the current balance is 700.00, how much did he deposit initially?