fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

You deposit 170 in an investment account that earns 5.2% annual interest compounded annually.What is the balance of the account after 5 years?

Solution

Y o u d e p os i t 170 in an in v es t m e n t a cco u n t t ha t e a r n s 5.2% ann u a l 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 o f t h e a cco u n t a f t er 5 ye a rs ?

Solution

Amount : 219.04

étapes des solutions

Translate the problem into an equation:

A = 170 (1 + \frac{0.052}{1})^{1 \cdot 5}

170 (1 + \frac{0.052}{1})^{1 \cdot 5} = 219.04211 \dots

Arrondir à hundredth la plus proche:

219.04

Amount : 219.04

Exemples populaires

The différence between four times a number and eight is forty four. Find x?The radius of a circle is 8 m. Find its circonférence in terms of pipi.Liam opened a savings account 1 year ago. The account earns 11% interest, compounded continuously. If the current balance is 10, 000.00, how much did he deposit initially?The sum of two numbers is 15. Twice the large number plus 4 times the smaller number is 24. Find the large number.5.715 to exact number