Johnny puts 500.00 into an account to use for school expenses. The account earns 1% interest, compounded annually. How much will be in the account after 6 years?

Lời Giải

Lời Giải

Amount : 530.76

Các bước giải pháp

Translate the problem into an equation:

A = 500 (1 + \frac{0.01}{1})^{1 \cdot 6}

500 (1 + \frac{0.01}{1})^{1 \cdot 6} = 530.76007 \dots

Làm tròn đến hundredth gần nhất:

530.76

Amount : 530.76

Ví dụ phổ biến

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