Slow saving in banks
How long will it take to save € 9,000 by depositing € 200 at the beginning of each year at 2% interest?
Thank you for submitting an example text correction or rephasing. We will review the example in a short time and work on the publish it.
Leave us a comment of this math problem and its solution (i.e. if it is still somewhat unclear...):
Showing 0 comments:
Be the first to comment!
Tips to related online calculators
You need to know the following knowledge to solve this word math problem:
Next similar math problems:
- 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?
I borrow 25,000 to 6.9% p.a.. I pay 500 per month. How much will I pay and for how long?
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%.
- Compound interest 4
3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent?
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?
The three best contestants are to divide the total prize of CZK 4,200. The second gets 20% more than the third. And the first one gets 200 CZK less than the second and the third together. How much will everyone get?
- 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?
Researchers ask 200 families whether or not they were the homeowner and how many cars they had. Their response was homeowner: 14 no car or one car, two or more cars 86, not homeowner: 38 no car or one car, two or more cars 62. What percent of the families
- Theorem prove
We want to prove the sentence: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started?
- Car down
Sarah buys a car costing $12,500. It depreciates in value by 8% in the first year, 10% the second year and 5% in the third year. Calculate the value of a car after the third year.
- Annual pension
Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2%
- 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.
- Mortage hypo loan
The Jonáš family decided to buy an older apartment, which cost EUR 30,000. They found EUR 17,000 and took the loan with the bank for the remaining amount. What interest did they receive if they repay this amount for 15 years at EUR 120 per month?
The company employs 1 440 employees (men and women). For over-average results, the premiums were 18.75% of all men and 22.5% of all women. 20% of employees were rewarded with premiums. How many men and how many women are employed in the company?
- Simple interest 3
Find the simple interest if 11928 USD at 2% for 10 weeks.