Jill is saving up money to buy a car. Jill puts 9,819.00 into an account which earns 4% interest, compounded monthly. How much will she have in the account after 8 years?

Lời Giải

Jill is saving up money to buy a car. Jill puts 9, 819.00 into an account which earns 4% interest, compounded monthly. How much will she have in the account after 8 years?

Lời Giải

Amount : 13514.82

Các bước giải pháp

Translate the problem into an equation:

A = 9819 (1 + \frac{0.04}{12})^{12 \cdot 8}

9819 (1 + \frac{0.04}{12})^{12 \cdot 8} = 13514.82367 \dots

Làm tròn đến hundredth gần nhất:

13514.82

Amount : 13514.82

Ví dụ phổ biến

find the future value of 500.000.00 due in 2 years if the interest rate is 6% compound quarterly The chu vi of a circle is 3𝜋 miles. What is the radius?The sum of three consecutive EVEN numbers is 78. Find the integers Kenneth is saving up money to buy a car. Kenneth puts 9,427.00 into an account which earns 14.99% interest, compounded quarterly. How much will he have in the account after 9 years?The chu vi of a circle is 21pi cm. What is the area, in square centimeters? Express your answer in terms of pi.