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Popolare Word Problems >

Suppose that 18,000 is deposited for eight years at 3% APR. Calculate the interest earned if interest is compounded weekly. Round your answer to the nearest cent.

Soluzione

S u pp ose t ha t 18, 000 i s d e p os i t e d f or e i g h t ye a rs a t 3% A PR . C a l c u l a t e t h e in t eres t e a r n e d i f in t eres t i s co m p o u n d e d w ee k l y . R o u n d yo u r an s w er t o t h e n e a res t ce n t .

Soluzione

Interest : 4880.9

Fasi della soluzione

Translate the problem into an equation:

22880.90119 \dots = 18000 + I

Risolvi per

I, 22880.90119 \dots = 18000 + I : I = 4880.9

Interest : 4880.9

Esempi popolari

The radius of a circle is 12 m. Find its circonferenza in terms of pipi.twice the differenza of a number and 3 is equal to 8 if ahmed has 6 apples and you have 9 bananas calculate the mass of sun a number that is less than 5.5 and above-4.5 six subtracted from three times a number is 12