fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Tracy puts 400.00 into an account to use for school expenses. The account earns 7% interest, compounded annually. How much will be in the account after 7 years?

Solution

T r a cy p u t s 400.00 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 7% 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 7 ye a rs ?

Solution

Amount : 642.31

étapes des solutions

Translate the problem into an equation:

A = 400 (1 + \frac{0.07}{1})^{1 \cdot 7}

400 (1 + \frac{0.07}{1})^{1 \cdot 7} = 642.31259 \dots

Arrondir à hundredth la plus proche:

642.31

Amount : 642.31

Exemples populaires

The radius of a cercle is 10 cm. Find its area A shoe was priced at 75 and is sold now at 10% off. What is the price of the shoe now If a fair coin is tossed 6 times, what is the probability, to the nearest thousandth, of getting exactly 4 heads?A rectangular playground has a length of 40 feet and a perimeter of 120 feet. What is the width of the playground?Lucy invested 30, 000 in an account paying an interest rate of 6.6% compounded continuously. Assuming no deposits or withdrawals are made, how much money, would be in the account after 9 years?