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פּוֹפּוּלָרִי Word Problems >

Victoria opened a savings account and deposited 676.00 as principal. The account earns 6% interest, compounded annually. What is the balance after 6 years?

פתרון

Vi c t or ia 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 676.00 a s p r in c i p a l . T h e a cco u n t e a r n s 6% 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 6 ye a rs ?

פתרון

Amount : 958.92

צעדי פתרון

Translate the problem into an equation:

A = 676 (1 + \frac{0.06}{1})^{1 \cdot 6}

676 (1 + \frac{0.06}{1})^{1 \cdot 6} = 958.91891 \dots

Round to the nearest hundredth:

958.92

Amount : 958.92

דוגמאות פופולריות

find three consecutive odd numbers whose sum is fifty-seven Find the area of the triangle with vertices P(3,-3,0),Q(1,2,2) and R(1,-2,5)If the quotient of a number and 4 is added to 1/2 , the result is 5/4 Find the number.There are 3 consecutive even integers that add up to 24. Which integers are they?use the appropriate compound interest formula to compute the balance in the account after the stated period of time. 9000 dollars is invested for 17 years with an APR of 2.54% and monthly compounding. what is the balance in the account after 17 years