Gwen opened a savings account and deposited 500.00 as principal. The account earns 3% interest, compounded annually. What is the balance after 8 years?

Lời Giải

Lời Giải

Amount : 633.39

Các bước giải pháp

Translate the problem into an equation:

A = 500 (1 + \frac{0.03}{1})^{1 \cdot 8}

500 (1 + \frac{0.03}{1})^{1 \cdot 8} = 633.38504 \dots

Làm tròn đến hundredth gần nhất:

633.39

Amount : 633.39

Ví dụ phổ biến

eight less than three times a number equals the number 155% of what number is 186 The chu vi of a circle is 6𝜋 feet. What is the radius?Lila opened a savings account and deposited 500.00 as principal. The account earns 14% interest, compounded monthly. What is the balance after 10 years?twice the sum of a number and 2.