+0  
 
0
465
2
avatar
Oliver deposited $1,640.70 in a savings account that earns 2.6% simple interest. What will Oliver's account balance be in 8 months?
Guest Feb 13, 2012
 #1
avatar
0
$1,640.70*(1.026^7)+$1,640.70*(1.026^6)+$1,640.70*(1.026^5)+$1,640.70*(1.026^4)+$1,640.70*(1.026^3)+$1,640.70*(1.026^2)+$1,640.70*(1.026^1)+$1,640.70*1.026=14774.09

-FITZ-
Guest Feb 13, 2012
 #2
avatar+3077 
0
Guest:

$1,640.70*(1.026^7)+$1,640.70*(1.026^6)+$1,640.70*(1.026^5)+$1,640.70*(1.026^4)+$1,640.70*(1.026^3)+$1,640.70*(1.026^2)+$1,640.70*(1.026^1)+$1,640.70*1.026=14774.09

-FITZ-



that would be nice.., but that 2.6% is annually I guess..
[input]1640.70*(1+0.026*(8/12)))[/input]
admin  Feb 14, 2012

26 Online Users

avatar

New Privacy Policy

We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive information about your use of our website.
For more information: our cookie policy and privacy policy.