Eduardo opened a savings account and deposited 300.00 as principal. The account earns 13% interest, compounded annually. What is the balance after 8 years?

Lời Giải

Lời Giải

Amount : 797.53

Các bước giải pháp

Translate the problem into an equation:

A = 300 (1 + \frac{0.13}{1})^{1 \cdot 8}

300 (1 + \frac{0.13}{1})^{1 \cdot 8} = 797.53325 \dots

Làm tròn đến hundredth gần nhất:

797.53

Amount : 797.53

Ví dụ phổ biến

four more than the quotient of a number and 9 is 7 Lauren's age is half of Joe's age. Emma is four years older than Joe. The sum of Lauren, Emma, and Joe's age is 54. How old is Emma?Twice the hiệu of a number and 2 equals 6.six more than the quotient of a number and negative three is ten Tim is 5 years older than JoAnn. Six years from now the sum of their ages will be 78