ko

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

인기 있는 Word Problems >

Find the amount in the account for the given principal, interest rate, time, and compounding period.Pequals3 comma 870, requals5.5%, tequals16 years; compounded monthly

해법

F in d t h e am o u n t in t h e a cco u n t f or t h e g i v e n ​ p r in c i p a l, in t eres t ​ r a t e, t im e, an d co m p o u n d in g p er i o d . P e q u a l s ​3 co mma 870​, re q u a l s 5.5​%, t e q u a l s 16 ​ ye a rs; co m p o u n d e d m o n t h l y

해법

Amount : 2093.27

솔루션 단계

Translate the problem into an equation:

A = 870 (1 + \frac{0.055}{12})^{12 \cdot 16}

870 (1 + \frac{0.055}{12})^{12 \cdot 16} = 2093.26993 \dots

가장 가까운 hundredth 으로 반올림:

2093.27

Amount : 2093.27

인기 있는 예

my dog is like 20 years old, how old is my cat 5.09 rounded to the nearest number The 지름 of a circle is 3 feet. What is the area?Julie buys a washing machine. 20% VAT was added to the price of the washing machine.Jules then has to pay a total of 600 pounds. what is the price of the washing machine with no VAT added?the product of a number and-3, increased by 8, is 20