受欢迎的 >

Joy opened a savings account and deposited 665.00. The account earns 11% interest, compounded monthly. If she wants to use the money to buy a new bicycle in 2 years, how much will she be able to spend on the bike?

解答

解答

Amount : 827.81

求解步骤

Translate the problem into an equation:

A = 665 (1 + \frac{0.11}{12})^{12 \cdot 2}

665 (1 + \frac{0.11}{12})^{12 \cdot 2} = 827.81096 \dots

Round to the nearest hundredth:

827.81

Amount : 827.81

流行的例子

32/25 as a hole number Lynja has invested 1500 in an account that pays 4% interest compounded monthly for 13 years. How much more will be in the account at the end of that time The 周长 of a circular lot is 288 yards. What is the diameter of the lot? Round your answer to the nearest hundredth. yards There are 3 consecutive integers with a sum of 54. What are the integers?Ariana deposited 3,000.00 into a new savings account that earns 8% interest compounded annually. How long will it take for the balance to grow to 5,570.00?Round your answer to the nearest month.