vi

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Phổ biến Word Problems >

Tessa opened a savings account and deposited 1,000.00 as principal. The account earns 2% interest, compounded monthly. What is the balance after 8 years?

Lời Giải

T ess a 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 1, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 2% in t eres t, co m p o u n d e d m o n t h l y . Wha t i s t h e ba l an ce a f t er 8 ye a rs ?

Lời Giải

Amount : 1173.35

Các bước giải pháp

Translate the problem into an equation:

A = 1000 (1 + \frac{0.02}{12})^{12 \cdot 8}

1000 (1 + \frac{0.02}{12})^{12 \cdot 8} = 1173.35458 \dots

Làm tròn đến hundredth gần nhất:

1173.35

Amount : 1173.35

Ví dụ phổ biến

The chu vi of a circle is 219.8 inches. What is the circle's radius?Raju deposited 15000 in an account that pays 5.68% compound interest per year. Find the total amount in the account after 6 years if the interest is compounded half a yearly six less than the product of 4 and a number equals 3 30 is 15% of what number A price increased by 15%, and the new price is 230. What was the original price?