en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

You invest 800 into your account. The account earns 1.5%, compounded weekly. How much money would be in your account after 10 years?

Solution

You invest 800 into your account. The account earns 1.5%, compounded weekly. How much money would be in your account after 10 years?

Solution

Amount : 929.45

Solution steps

Translate the problem into an equation:

A = 800 (1 + \frac{0.015}{52})^{52 \cdot 10}

800 (1 + \frac{0.015}{52})^{52 \cdot 10} = 929.44728 \dots

Round to the nearest hundredth:

929.45

Amount : 929.45

Popular Examples

Find four consecutive odd integers whose sum is 216.Ankit deposits 800 in an account that earns 6% yearly interest compounded monthly. How much will the account be worth after 2 years, assuming that Ankit does not withdraw any money from the account?you deposit 5000 dollars in an account earning 3percent interest compound continuously. How much will you have in the account in 10years The diameter of a circle is 4 feet. What is the circle's circumference the price of a bottle of cooking oil increased by 23% from a price of 40 rands how much money has the price increased