de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

24000 dollars is invested for 6 years with an APR of 6% and daily compounding. what is the balance in the account after 6 years

Lösung

24000 d o ll a rs i s in v es t e d f or 6 ye a rs w i t h an A PR o f 6% an d d ai l y co m p o u n d in g . w ha t i s t h e ba l an ce in t h e a cco u n t a f t er 6 ye a rs

Lösung

Amount : 34398.89

Schritte zur Lösung

Translate the problem into an equation:

A = 24000 (1 + \frac{0.06}{365})^{365 \cdot 6}

24000 (1 + \frac{0.06}{365})^{365 \cdot 6} = 34398.88821 \dots

Round to the nearest hundredth:

34398.89

Amount : 34398.89

Beliebte Beispiele

if bikes were on sale for 20% off and I bought one for 120\text{what was the original price:}A plane can fly 650 miles in the same time as it takes a car to go 200 miles. If the car travels 90 mph slower than the plane, find the speed of the plane.The exact kreisumfang of a circle is 15.6𝛑 inches. What is the approximate area of the circle? Use 3.14 for 𝛑. Round to the nearest hundredth if necessary.is a number is doubles, the result is the number plus 6 The sum of 5 consecutive even numbers is 135 .What is the second number in this sequence?