de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Jon opened a savings account and deposited 800.00 as principal. The account earns 2% interest, compounded annually. What is the balance after 6 years?

Lösung

J o n 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 800.00 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 ann u a ll y . Wha t i s t h e ba l an ce a f t er 6 ye a rs ?

Lösung

Amount : 900.93

Schritte zur Lösung

Translate the problem into an equation:

A = 800 (1 + \frac{0.02}{1})^{1 \cdot 6}

800 (1 + \frac{0.02}{1})^{1 \cdot 6} = 900.92993 \dots

Round to the nearest hundredth:

900.93

Amount : 900.93

Beliebte Beispiele

A circular region with a radius of 12 km is under typhoon signal number 1, What is the area of the circular region Evelyn has 90 in an account. The interest rate is 5% compounded annually.To the nearest cent, how much will she have in 3 years?Two jets leave an air base at the same time and travel in opposite directions. One jet travels 84 miles per hour faster than the other. If the two jets are13,410 miles apart after 9 hours, what is the rate of each jet?Mwenga bought a plot of land at sh 300000 per hectare in a town where land value appreciates at a constant rate of 10% per annum. After two years he sold the whole plot to a customer who was willing to pay sh 500000 per hectare. In the transaction Mwenga received sh 274000 more than the present value of the plot. Determine the present land value per hectare. (4 marks)Ava opened a savings account 2 years ago. The account earns 6% interest, compounded quarterly. If the current balance is 1,000.00, how much did she deposit initially?