he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

A principal 4800 of is invested at 3.25% interest, compounded annually. How much will the investment be worth after 8 years?

פתרון

A p r in c i p a l 4800 o f i s in v es t e d a t 3.25% 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 8 ye a rs ?

פתרון

Amount : 6199.57

צעדי פתרון

Translate the problem into an equation:

A = 4800 (1 + \frac{0.0325}{1})^{1 \cdot 8}

4800 (1 + \frac{0.0325}{1})^{1 \cdot 8} = 6199.57216 \dots

Round to the nearest hundredth:

6199.57

Amount : 6199.57

דוגמאות פופולריות

Sound travels at a speed of approximately 1,085 feet per second. How far does sound travel in 13 seconds, expressed in scientific notation?Santiago opened a savings account and deposited 3,000.00. The account earns 2% interest, compounded annually. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?The sum of two numbers is 50.The larger number is 8 more than the smaller number. What are the numbers?The diameter of a circle is 9 m. Find its circumference in terms of pipi.One number is 5 more than twice the other number. The sum of the two numbers is 56. What are the two numbers?