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Popolare Word Problems >

Brenda invests 21,548.57 in a savings account with a fixed annual interest rate of 8.78 % compounded semi-annually. What will the account balance be after 7 years

Soluzione

B re n d a in v es t s 21, 548.57 in a s a v in g s a cco u n t w i t h a f i x e d ann u a l in t eres t r a t e o f 8.78 % co m p o u n d e d se mi - ann u a ll y . Wha t w i ll t h e a cco u n t ba l an ce b e a f t er 7 ye a rs

Soluzione

Amount : 39322.67

Fasi della soluzione

Translate the problem into an equation:

A = 21548.57 (1 + \frac{0.0878}{2})^{2 \cdot 7}

21548.57 (1 + \frac{0.0878}{2})^{2 \cdot 7} = 39322.67203 \dots

Arrotondare all' hundredth più vicino:

39322.67

Amount : 39322.67

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Violet walked 9 miles in 3 hours. What was her walking rate in miles per hour?three less than five times a certain number is equal to 67 more than one-third of the number. Find the number two times the sum of the number x and seven is thirteen The product of two consecutive positive odd integers is 483 The dinner check for a birthday party was 89.50. Estimate a 15% tip.