he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי >

put $7000 in a savings account that pays 3% interest compounded annually. I plan to leave it in the bank for 20 years. What amount will I have then?

פתרון

put $7000 in a savings account that pays 3% interest compounded annually. I plan to leave it in the bank for 20 years. What amount will I have then?

פתרון

Amount : 12642.78

צעדי פתרון

Translate the problem into an equation:

A = 7000 (1 + \frac{0.03}{1})^{1 \cdot 20}

7000 (1 + \frac{0.03}{1})^{1 \cdot 20} = 12642.77864 \dots

Round to the nearest hundredth:

12642.78

Amount : 12642.78

דוגמאות פופולריות

The larger of two numbers is 15 more than three times the smaller number. If the sum of the two numbers is 63, find the numbers Four less than the product of 8 and a number equals 5 Two more than the quotient of a number and 7 is 6 One number is 12 more than another. Their sum is 38. Find the numbers.Find the number if twice the sum of the number and 4 is equal to 11 more than the number