en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

you deposit 600 in an account earning 4% interest compounded annually. How much will you have in the account in 10 years?

Solution

you deposit 600 in an account earning 4% interest compounded annually. How much will you have in the account in 10 years?

Solution

Amount : 888.15

Solution steps

Translate the problem into an equation:

A = 600 (1 + \frac{0.04}{1})^{1 \cdot 10}

600 (1 + \frac{0.04}{1})^{1 \cdot 10} = 888.14657 \dots

Round to the nearest hundredth:

888.15

Amount : 888.15

Popular Examples

A number a subtracted from 8 The sum of two numbers is 53 . The smaller number is 5 less than the larger number. What are the numbers?A number is six times another number. Their sum is 4242. What are the numbers?The product of a number and 6 is 24.The circumference of a circle is 16�16pi inches. What is the radius of the circle?