ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Chris placed 7,400 in a savings account which compounds interest annually at a rate of 5.7% . How much will he have in the account after 4 years?

Решение

C h r i s pl a ce d 7, 400 in a s a v in g s a cco u n t w hi c h co m p o u n d s in t eres t ann u a ll y a t a r a t e o f 5.7% . Ho w m u c h w i ll h e ha v e in t h e a cco u n t a f t er 4 ye a rs ?

Решение

Amount : 9237.02

Шаги решения

Translate the problem into an equation:

A = 7400 (1 + \frac{0.057}{1})^{1 \cdot 4}

7400 (1 + \frac{0.057}{1})^{1 \cdot 4} = 9237.01542 \dots

Округлите до ближайшего hundredth:

9237.02

Amount : 9237.02

Популярные примеры

Barry opened a savings account and deposited 6,014.00 as principal. The account earns 12% interest, compounded monthly. What is the balance after 5 years?Select all the expressions that are equivalent to 40% of 90 What number is 110% of 70 The square of a number is 256 . Find the number. Answer A number is divisible by 5 if the