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인기 있는 Word Problems >

Sandeep puts 7,000.00 into an account to use for school expenses. The account earns 4% interest, compounded annually. How much will be in the account after 5 years?

해법

S an d ee p p u t s 7, 000.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 4% 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 b e in t h e a cco u n t a f t er 5 ye a rs ?

해법

Amount : 8516.57

솔루션 단계

Translate the problem into an equation:

A = 7000 (1 + \frac{0.04}{1})^{1 \cdot 5}

7000 (1 + \frac{0.04}{1})^{1 \cdot 5} = 8516.57031 \dots

가장 가까운 hundredth 으로 반올림:

8516.57

Amount : 8516.57

인기 있는 예

9 is 4 more than 7 times a number The 원둘레 of a circle is 13pi m. What is the area, in square meters?The sum of two numbers is 22 . Three times one number increased by 5 is the same as twice the other number decreased by 4. What is the larger of the two numbers?Mark puts 2,000.00 into an account to use for school expenses. The account earns 15% interest, compounded monthly. How much will be in the account after 8 years?Max puts 700.00 into an account to use for school expenses. The account earns 14% interest, compounded annually. How much will be in the account after 8 years?