fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Janice puts 10,000.00 into an account to use for school expenses. The account earns 1% interest, compounded monthly. How much will be in the account after 6 years?

Solution

J ani ce p u t s 10, 000.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 1% in t eres t, co m p o u n d e d m o n t h l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 6 ye a rs ?

Solution

Amount : 10618.1

étapes des solutions

Translate the problem into an equation:

A = 10000 (1 + \frac{0.01}{12})^{12 \cdot 6}

10000 (1 + \frac{0.01}{12})^{12 \cdot 6} = 10618.10015 \dots

Arrondir à hundredth la plus proche:

10618.1

Amount : 10618.1

Exemples populaires

the product of two consecutive integers An experiment consists of dealing 4 cards from a standard 52-card deck. What is the probability of being dealt exactly 2 face cardsHow much would you need to deposit in an account now in ordonner to have 2000 in the account in 15 years? Assume the account earns 7% interest compounded monthly.The denominator of a fraction is three more than twice the numerator. If both numerator and denominator are decreased by one, the simplified result is 7/16 . Find the original fraction.The radius of a cercle is 8 m. Find its area in terms of pi.