Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
Leave us a comment of example and its solution (i.e. if it is still somewhat unclear...):
Showing 0 comments:
Be the first to comment!
To solve this example are needed these knowledge from mathematics:
Next similar examples:
If you deposit 959 euros the beginning of each year, how much money we have at 2.1% (compound) interest after 19 years?
- Combined interest
Combined interest: Carol has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. The money was put into the account 5.5.2016 and withdraw them all before Christmas 20.12.2016. How much money did she withdraw?
Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.
- Repay, interest, loan
Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to re
- Account operations
My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?
What is the population of the city with 3% annual growth, if in 10 years the city will have 60,000 residents?
- Geometric progression 2
There is geometric sequence with a1=5.7 and quotient q=-2.5. Calculate a17.
The value of annual production enterprise is 7.1 million USD. The average annual growth rate is 1.5%. What will be value of production at the end of the fifth year?
- BTC bubble
One of the world's experts in bubbles -- Prof. Robert Shiller, a Yale economist -- said Bitcoin "was an amazing example of a bubble" back in 2014. If you exchange fiat US dollar $100 to BTC in 2010, now in 2017 have value of 72.9 millions dollars. Find.
- The crime
The crime rate of a certain city is increasing by exactly 7% each year. If there were 600 crimes in the year 1990 and the crime rate remains constant each year, determine the approximate number of crimes in the year 2025.
- Profit gain
If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:
- Theorem prove
We want to prove the sentense: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started?
- Six terms
Find the first six terms of the sequence a1 = -3, an = 2 * an-1
- A perineum
A perineum string is 10% shorter than its original string. The first string is 24, what is the 9th string or term?
I borrow 25,000 to 6.9% p.a.. I pay 500 per month. How much will I pay and for how long?
A bookstore purchased from a publisher the biography of a well-known politician for R15 per copy, but sales have been very poor. The manager has decided to mark the copies down to R12 each to make a quick sale. Calculate the loss on each book as a percenta