An amount of 23000 is borrowed for 11 years at 7.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

Lời Giải

Lời Giải

Amount : 49670.46

Các bước giải pháp

Translate the problem into an equation:

A = 23000 (1 + \frac{0.0725}{1})^{1 \cdot 11}

23000 (1 + \frac{0.0725}{1})^{1 \cdot 11} = 49670.45581 \dots

Làm tròn đến hundredth gần nhất:

49670.46

Amount : 49670.46

Ví dụ phổ biến

A fair coin is tossed 7 times. What is the probability that all tosses will be tails?The product of a number and 12 decreased by 13 is 611. Find the number.Akira is saving up money to buy a car. Akira puts 5,000.00 into an account which earns 7% interest, compounded quarterly. How much will she have in the account after 10 years?If a circle has a đường kính of 32in ,:what is the radius?Tom has a circular clock with a chu vi of 39.88 inches. What is the radius of Tom's clock, to the nearest hundredth of an inch?