it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Porter opened a savings account and deposited 800.00 as principal. The account earns 8% interest, compounded annually. What is the balance after 5 years?

Soluzione

P or t er o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 800.00 a s p r in c i p a l . T h e a cco u n t e a r n s 8% in t eres t, co m p o u n d e d ann u a ll y . Wha t i s t h e ba l an ce a f t er 5 ye a rs ?

Soluzione

Amount : 1175.46

Fasi della soluzione

Translate the problem into an equation:

A = 800 (1 + \frac{0.08}{1})^{1 \cdot 5}

800 (1 + \frac{0.08}{1})^{1 \cdot 5} = 1175.46246 \dots

Arrotondare all' hundredth più vicino:

1175.46

Amount : 1175.46

Esempi popolari

Nayeli went shopping for a new video game because of a sale. The store was offering a 45% discount. If the price on the tag was 44, what would be the price after the discount but before tax, to the nearest dollar and cent?Four more than the product of a number and 6 equals 5 4 more than a number x is 1818 six more than a quarter of the number is sixty plus the number two dice are rolled. What is the probability that the sum of the numbers rolled is a number greater than 9?