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شائع Word Problems >

solve You invest 100 in a CD with a 6% interest rate, compounded twice a year. How much will you have in40 years?

الحلّ

so l v e Y o u in v es t 100 in a C D w i t h a 6% in t eres t r a t e, co m p o u n d e d tw i ce a ye a r . Ho w m u c h w i ll yo u ha v e in 40 ye a rs ?

الحلّ

Amount : 1064.09

خطوات الحلّ

Translate the problem into an equation:

A = 100 (1 + \frac{0.06}{2})^{2 \cdot 40}

100 (1 + \frac{0.06}{2})^{2 \cdot 40} = 1064.08905 \dots

Round to the nearest hundredth:

1064.09

Amount : 1064.09

أمثلة شائعة

"the product of-6 and a number"After 1 year the father age will be 4 times the age of his son. After 5 years the father age will be three times the age of his son. Find the age of the father and his son one more than the difference between a number and nineteen is three late the sentence into an equation.Two times the sum of a number and 7 is 8.Franco is twice as old as Marco. The sum of their ages is 5 times Marco's age less than 48. How old are they now?