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Cole is saving up money to buy a car. Cole puts 8,000.00 into an account which earns 4% interest, compounded monthly. How much will he have in the account after 9 years??

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解答

Coleissavingupmoneytobuyacar.Coleputs8,000.00intoanaccountwhichearns4%interest,compoundedmonthly.Howmuchwillhehaveintheaccountafter9years??

解答

Amount:11459.77
求解步骤
Translate the problem into an equation:A=8000(1+120.04​)12⋅9
8000(1+120.04​)12⋅9=11459.77264…
Round to the nearest hundredth:11459.77
Amount:11459.77

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