Latrell puts 3,996.00 into an account to use for school expenses. The account earns 3% interest, compounded annually. How much will be in the account after 5 years?

Lời Giải

Latrell puts 3, 996.00 into an account to use for school expenses. The account earns 3% interest, compounded annually. How much will be in the account after 5 years?

Lời Giải

Amount : 4632.46

Các bước giải pháp

Translate the problem into an equation:

A = 3996 (1 + \frac{0.03}{1})^{1 \cdot 5}

3996 (1 + \frac{0.03}{1})^{1 \cdot 5} = 4632.45920 \dots

Làm tròn đến hundredth gần nhất:

4632.46

Amount : 4632.46

Ví dụ phổ biến

the sum of two consecutive even numbers is 46 what are the numbers Find the đường kính of a circle with an area of 126mm^2 (3 marks)eight less than the quotient of a number and-3 a number divided by 5 is 10 If a number is increased by 5 and then divided by 5, the result is 6.