Solución
Sam has 50 in an account that earns 5% interest compounded annually.To the nearest cent, how much will he have in 3 years?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
4400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 22 years, to the nearest cent?Sophia is going to invest in an account paying an interest rate of 3.4% compounded monthly. How much would Sophia need to invest, to the nearest dollar, for the value of the account to reach 1,450 in 14 years?find the area of circle with a diámetro of 1.4mDamian invested 880 in an account paying an interest rate of 5.2% compounded annually. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach 1,290?Dominic invested 19,000 in an account paying an interest rate of 6.1% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 16 years?