he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Robert invested 860 in an account paying an interest rate of 5.1% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 13 years?

פתרון

R o b er t in v es t e d 860 in an a cco u n t p a y in g an in t eres t r a t e o f 5.1% co m p o u n d e d d ai l y . A ss u min g n o d e p os i t s or w i t h d r a w a l s a re ma d e, h o w m u c h m o n ey, t o t h e n e a res t ce n t, w o u l d b e in t h e a cco u n t a f t er 13 ye a rs ?

פתרון

Amount : 1668.84

צעדי פתרון

Translate the problem into an equation:

A = 860 (1 + \frac{0.051}{365})^{365 \cdot 13}

860 (1 + \frac{0.051}{365})^{365 \cdot 13} = 1668.84337 \dots

Round to the nearest hundredth:

1668.84

Amount : 1668.84

דוגמאות פופולריות

Serenity invested 16,000 in an account paying an interest rate of 4.5% compounded annually. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 9 years?Khloe invested 5,600 in an account paying an interest rate of 5.3% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 7 years?6700 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 28 years, to the nearest cent?Feng is going to invest in an account paying an interest rate of 6.5% compounded quarterly. How much would Feng need to invest, to the nearest dollar, for the value of the account to reach 2,550 in 18 years?Ashley is 10 years older than her sister Brianna. Two years ago, Ashley was 6 times:Brianna's age. How old is Brianna now?