he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Ndiba invests 4,140 in a retirement account with a fixed annual interest rate of 3% compounded 12 times per year.What will the account balance be after 15 years?

פתרון

N d iba in v es t s 4, 140 in a re t i re m e n t a cco u n t w i t h a f i x e d ann u a l in t eres t r a t e o f 3% co m p o u n d e d 12 t im es p er ye a r . Wha t w i ll t h e a cco u n t ba l an ce b e a f t er 15 ye a rs ?

פתרון

Amount : 6489.17

צעדי פתרון

Translate the problem into an equation:

A = 4140 (1 + \frac{0.03}{12})^{12 \cdot 15}

4140 (1 + \frac{0.03}{12})^{12 \cdot 15} = 6489.16734 \dots

Round to the nearest hundredth:

6489.17

Amount : 6489.17

דוגמאות פופולריות

A person invests 8000 dollars in a bank. The bank pays 4.75% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 20400 dollars?the sum of two numbers is 45. four times the smaller number is 23 more than three times the larger number. find the numbers What is the volume of a sphere with a radius of 6.1 m, rounded to the nearest tenth of a cubic meter?A store pays 486 for a row boat and marks the price up by 11%. What is the amount of the mark-up?John deposits 5000 into an account that pays simple interest at a rate of 6 percent per year. How much interest will he be paid in the first 6 years?