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شائع Word Problems >

You invest 5000 at 8% interest compounded monthly. How much money will you have after 8 years?

الحلّ

Y o u in v es t 5000 a t 8% in t eres t co m p o u n d e d m o n t h l y . Ho w m u c h m o n ey w i ll yo u ha v e a f t er 8 ye a rs ?

الحلّ

Amount : 9462.29

خطوات الحلّ

Translate the problem into an equation:

A = 5000 (1 + \frac{0.08}{12})^{12 \cdot 8}

5000 (1 + \frac{0.08}{12})^{12 \cdot 8} = 9462.28609 \dots

Round to the nearest hundredth:

9462.29

Amount : 9462.29

أمثلة شائعة

2 less than a number is 8 8068 is 40 percent of what number if i have 2 cookies and lose 1 how many do i have the sum of two numbers is 51. the larger number is 19 more than the smaller number Bill is twice the age of Dan. In 7 years, Bill will be one and one half as old as Dan. How old is bill now?