ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

A principal of 2100 is invested at 8% interest, compounded annually. How much will the investment be worth after 6 years?Use the calculator provided and round your answer to the nearest dollar.

Решение

A p r in c i p a l o f 2100 i s in v es t e d a t 8% 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 t h e in v es t m e n t b e w or t h a f t er 6 ye a rs ? U se t h e c a l c u l a t or p ro v i d e d an d ro u n d yo u r an s w er t o t h e n e a res t d o ll a r .

Решение

Amount : 3332.44

Шаги решения

Translate the problem into an equation:

A = 2100 (1 + \frac{0.08}{1})^{1 \cdot 6}

2100 (1 + \frac{0.08}{1})^{1 \cdot 6} = 3332.43607 \dots

Округлите до ближайшего hundredth:

3332.44

Amount : 3332.44

Популярные примеры

The price of a digital camera was reduced by 15% to 51 dollars. Find the original price Owen invests money in an account paying a simple interest of 5.6% per year. If he invests 110 and no money will be added or removed from the investment, how much will he have in one year, in dollars and cents?What is the probability of getting an ace card from a standard deck?the sum of two numbers is 12. one of the numbers is 20 more than the other number. let x and y be the two numbers with y being the larger of the two numbers. write and solve a system using подстановка Kyle and Belle deposit 600.00 into a savings account which earns 12% interest compounded annually. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?