Rafi puts 6,000.00 into an account to use for school expenses. The account earns 12% interest, compounded annually. How much will be in the account after 8 years?

Lời Giải

Rafi puts 6, 000.00 into an account to use for school expenses. The account earns 12% interest, compounded annually. How much will be in the account after 8 years?

Lời Giải

Amount : 14855.78

Các bước giải pháp

Translate the problem into an equation:

A = 6000 (1 + \frac{0.12}{1})^{1 \cdot 8}

6000 (1 + \frac{0.12}{1})^{1 \cdot 8} = 14855.77905 \dots

Làm tròn đến hundredth gần nhất:

14855.78

Amount : 14855.78

Ví dụ phổ biến

the sum of 6 times a number and 3 equals 8.The chu vi of a circle is 13pi cm. What is the area, in square meters? Express your answer in terms of pipi.Josh buys a pair of shoes for 95 after being discounted 20%. What was the original price of the shoes?the number is 13 less than 8^2. What is the number Genesis went shopping for a new pair of pants. Sales tax where she lives is 8%. The price of the pair of pants is 40. Find the total price including tax. Round to the nearest cent.