ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

if 1250 are deposited into an account with 6.5% interest rate, compounded monthly, what is the balance after 8 years

الحلّ

i f 1250 a re d e p os i t e d in t o an a cco u n t w i t h 6.5% in t eres t r a t e, co m p o u n d e d m o n t h l y, w ha t i s t h e ba l an ce a f t er 8 ye a rs

الحلّ

Amount : 2099.59

خطوات الحلّ

Translate the problem into an equation:

A = 1250 (1 + \frac{0.065}{12})^{12 \cdot 8}

1250 (1 + \frac{0.065}{12})^{12 \cdot 8} = 2099.58621 \dots

Round to the nearest hundredth:

2099.59

Amount : 2099.59

أمثلة شائعة

What fraction will each person get if 8 friends share 5 apples equally?Enter your answer in the boxes. blank of the apple blank Question The length of a rectangle is 26 meters and the width is 3 meters. Find the area. Give your answer without units.A population increased by 10% from 500,000. What is the new population?Ten less than five times a number is 50.One fifth of a number, decreased by 17 is 41