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شائع Word Problems >

How much money should be deposited today in an account that earns 4.5 % compounded monthly so that it will accumulate to 12,000 in 2 years?

الحلّ

Ho w m u c h m o n ey s h o u l d b e d e p os i t e d t o d a y in an a cco u n t t ha t e a r n s 4.5 % co m p o u n d e d m o n t h l y so t ha t i t w i ll a cc u m u l a t e t o 12, 000 in 2 ​ ye a rs ?

الحلّ

Principal : 10969.02

خطوات الحلّ

Translate the problem into an equation:

12000 = P (1 + \frac{0.045}{12})^{12 \cdot 2}

12000 = P (1 + \frac{0.045}{12})^{12 \cdot 2}, P

حلّ لـ:

P = 10969.02

Principal : 10969.02

أمثلة شائعة

40% of what number is 80 number decreased by 16 is-8:Find the number 14 is 35% of what number?Five times the difference of a number and 5.Annabelle invested 5,900 in an account paying an interest rate of 2% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 7,440?