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شائع Word Problems >

Find the rate at which 9, 600 compounded annually grows to 12, 696 in 2 years.

الحلّ

F in d t h e r a t e a t w hi c h ​9, 600 co m p o u n d e d ann u a ll y g ro w s t o ​12, 696 in 2 ye a rs .

الحلّ

Rate : 15%

خطوات الحلّ

Translate the problem into an equation:

12696 = 9600 (1 + \frac{r}{1})^{1 \cdot 2}

12696 = 9600 (1 + \frac{r}{1})^{1 \cdot 2}, r

حلّ لـ:

r = 15%

Rate : 15%

أمثلة شائعة

7 decreased by 4 times a number what number is 21% of 18 8000 for 4 years at 6.5% compounded monthly. what is the total amount accumulated after 4 years?Colin opened a savings account and deposited 600.00 as principal. The account earns 8% interest, compounded quarterly. How much interest will he earn after 4 years?Warren puts 8,000.00 into an account to use for school expenses. The account earns 1% interest, compounded monthly. How much will be in the account after 5 years?