pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Nolan is saving up money to buy a car. Nolan puts 5,000.00 into an account which earns 13% interest, compounded annually. How much will he have in the account after 2 years?

Solução

N o l an i s s a v in g u p m o n ey t o b u y a c a r . N o l an p u t s 5, 000.00 in t o an a cco u n t w hi c h e a r n s 13% 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 h e ha v e in t h e a cco u n t a f t er 2 ye a rs ?

Solução

Amount : 6384.5

Passos da solução

Translate the problem into an equation:

A = 5000 (1 + \frac{0.13}{1})^{1 \cdot 2}

5000 (1 + \frac{0.13}{1})^{1 \cdot 2} = 6384.5

Amount : 6384.5

Exemplos populares

The sum of two consecutive numbers is 73 . What are the numbers?How much interest is earned on a principal of 267 invested at an interest rate of 6% for six years?The sum of three consecutive integers is −60 Valentina opened a savings account and deposited 800.00 as principal. The account earns 7% interest, compounded quarterly. What is the balance after 5 years?Mr Ahmad is 4 times as old as his daughter. Three years ago, the sum of their ages was 44. How old is his daughter now?