Formula How to Find Amount of Savings After Years
How to Find Amount of Savings After Years - One type of problem that often arises when a national exam is about the amount of savings after n years. This type of problem often arises but sometimes the shape is different. Therefore, The Basic Mathematical Formula finds it necessary to provide an explanation of how to solve this form of question. In this material will be explained about the steps you can do to solve the problem quickly and accurately. How the work is certainly accompanied by examples of problems to facilitate you in understanding it. Let's see the direct discussion as follows:
[1945909] How to Solve Problem Seeking Total Savings After Year
Before entering into the discussion, you should observe the following example:
Example Problem 1
Lampung Bank implements an interest rate of 8% per annum Amir s savings amount After saving for 2.5 years is Rp. 6000.000. Then, what is Amir's initial savings? ....
Example Problem 2
Mr. Kosim put his money in a bank equal to Rp.800.000. If the interest rate in the bank is 15% per year, calculate how much money Kosim pack after saving for 6 months ...
From the example above let us declare it into some symbols. Our interest rates are stated in a %, and time is expressed in n years. Then the formula of magnitude of a single flower (BT) in n years can be translated into:
BT = a % × n × M
Then to find the amount of savings (JT) after n years we can sum up the initial capital by The magnitude of single bnga after n years:
[1945907]
JT = (a% × n × M) + M
Hence, the formula we use to calculate the sum of saving after n years is:
JT = (a% × n × M) + M
After knowing the formula, let's try to solve both examples above:
Solving Problem 1:
[1945907]
Known:
JT = Rp 6,000,000
n = 2.5 years = 5/2 years
a% = 8%
Asked:
M = ....
Solution:
JT = (a% × n × M) + M
6,000,000 = (8% × (5 / 2) × M) + M
6,000,000 = 20% M + M
6,000,000 = 0.2M + M
6,000,000 = 1.2M
M = 4,000,000 / 1,2
M = 5,000,000
the Solving Problem 2:
Known:
M = Rp 800,000
a% = 15% = 15/100
n = 6 months = (6/12) years = (1/2) years
Asked:
JT =. .
Completion:
JT = (a% × n × M) + M
JT = ((15/100) × (1/2) × 800,000) + 800,000 JT = 60,000 + 800,000
JT = 860,000
The explanation The Formula How to Find Amounts of Savings After Year notice how to solve the problem which has been carefully elaborated so that You can understand it well so that it can solve similar problems quickly and accurately.
