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شائع Word Problems >

Emmett deposited 90 in an account earning 5% interest compounded annually.To the nearest cent, how much will he have in 2 years?

الحلّ

E mm e tt d e p os i t e d 90 in an a cco u n t e a r nin g 5% in t eres t co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll h e ha v e in 2 ye a rs ?

الحلّ

Amount : 99.225

خطوات الحلّ

Translate the problem into an equation:

A = 90 (1 + \frac{0.05}{1})^{1 \cdot 2}

90 (1 + \frac{0.05}{1})^{1 \cdot 2} = 99.225

Amount : 99.225

أمثلة شائعة

Michael is 4 times as old as Brandon and is also 27 years older than Brandon.Ann is 3 years older than Helen. If twice the sum of their ages is 50 years, how old is Ann.Ann is 4 years older than Julie. 4 years ago Ann was twice as old as Julie. What's their present ages?the larger of two numbers is 12 more than the smaller number. If the sum of the two numbers is 74, find the two numbers the sum of three consecutive ODD numbers is 45. Find the numbers