he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

If 10, 000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 12 years

פתרון

I f 10, 000 i s in v es t e d a t an in t eres t r a t e o f 2% p er ye a r, co m p o u n d e d se miann u a ll y, f in d t h e v a l u e o f t h e in v es t m e n t a f t er 12 ye a rs

פתרון

Amount : 12697.35

צעדי פתרון

Translate the problem into an equation:

A = 10000 (1 + \frac{0.02}{2})^{2 \cdot 12}

10000 (1 + \frac{0.02}{2})^{2 \cdot 12} = 12697.34648 \dots

Round to the nearest hundredth:

12697.35

Amount : 12697.35

דוגמאות פופולריות

Find 98.6% of 343.7 . Round to the nearest thousandth.Lee's Books sold 598 bookmarks this year. That is 8% fewer than the store sold last year. How many bookmarks did Lee's Books sell last year?fourteen is seventeen more than four times a number If the sum of a number and four is doubled, the result is one less than the number. Find the number.What is the total interest to be paid on a 1 year 7600 loan at 3.5% p.a. flat interest?