he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Nicole is saving up money to buy a car. Nicole puts 6,000.00 into an account which earns 5% interest, compounded annually. How much will she have in the account after 9 years?

פתרון

N i co l e i s s a v in g u p m o n ey t o b u y a c a r . N i co l e p u t s 6, 000.00 in t o an a cco u n t w hi c h e a r n s 5% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll s h e ha v e in t h e a cco u n t a f t er 9 ye a rs ?

פתרון

Amount : 9307.97

צעדי פתרון

Translate the problem into an equation:

A = 6000 (1 + \frac{0.05}{1})^{1 \cdot 9}

6000 (1 + \frac{0.05}{1})^{1 \cdot 9} = 9307.96929 \dots

Round to the nearest hundredth:

9307.97

Amount : 9307.97

דוגמאות פופולריות

The circumference of a circular painting is 34.54 feet. What is the diameter of the painting? Use 3.14 and do not round your answer.Jasmin is 5 years younger than Gerald. Four years from now Gerald will be twice as old as Jasmin. Which equation should be used to solve the problem?The difference of twice a number and 9 is-21 in a throw of two dice, what is the probability of obtaining a total of 11 or 12 Find the balance if 21000 is invested in an account paying 5 % interest compounded quarterly for 20 years.