The following money market account rates were available from a particular bank. Find the compound amount and the interest earned.\11,000 at 1.19% compounded daily for one year. The compound amount is

الحلّ

The following money market account rates were available from a particular bank. Find the compound amount and the interest earned.\11, 000 at 1.19% compounded daily for one year. The compound amount is

الحلّ

Interest : 131.68

خطوات الحلّ

Translate the problem into an equation:

11131.68 = 11000 + I

11131.68 = 11000 + I, I

حلّ لـ:

I = 131.68

Interest : 131.68

أمثلة شائعة

If 3500 is invested at an interest rate of 8.25% per year, compounded continuously, find the value of the investment after 6 years 2. Tim is 5 years older than JoAnn. Six years from now, the sum of their ages will be 79 a number minus-12.3 is equal to 94.8 Two buses leave a station at the same time and travel in opposite directions . One bus travels 19 kilometers faster than the other. If the two buses are 1035 kilometers apart after 5 hours, what is the rate of each bus?5 times the sum of a number and four is-15