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인기 있는 >

Tyler deposited 1000 in a savings bond. The account earns 1.11% APR compounded annually. Find the balance after 12 years.

해법

Tyler deposited 1000 in a savings bond. The account earns 1.11% APR compounded annually. Find the balance after 12 years.

해법

Amount : 1141.64

솔루션 단계

Translate the problem into an equation:

A = 1000 (1 + \frac{0.0111}{1})^{1 \cdot 12}

1000 (1 + \frac{0.0111}{1})^{1 \cdot 12} = 1141.64038 \dots

가장 가까운 hundredth 으로 반올림:

1141.64

Amount : 1141.64

인기 있는 예

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