Solución
Bridgette opened a savings account and deposited 400.00 as principal. The account earns 7% interest, compounded monthly. What is the balance after 10 years?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
A person invests 3500 dollars in a bank. The bank pays 6.25% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 8700 dollars?Danielle is planning to invest 3000 into a savings account which compounds interest yearly.What interest rate per annum is needed for her investment to reach 6000 after 6 years?The sum of a number times 10 and 23 is less than-26.12 less than the quotient of a number and 4Deshaun needs 18464 for a future project. He can invest 4000 now at an annual rate of 8% , compounded semiannually. Assuming that no withdrawals are made, how long will it take for him to have enough money for his project?