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인기 있는 Word Problems >

Shawn puts 4,000.00 into an account to use for school expenses. The account earns 14% interest, compounded quarterly. How much will be in the account after 8 years?

해법

S ha w n p u t s 4, 000.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 14% in t eres t, co m p o u n d e d q u a r t er l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 8 ye a rs ?

해법

Amount : 12026.83

솔루션 단계

Translate the problem into an equation:

A = 4000 (1 + \frac{0.14}{4})^{4 \cdot 8}

4000 (1 + \frac{0.14}{4})^{4 \cdot 8} = 12026.83034 \dots

가장 가까운 hundredth 으로 반올림:

12026.83

Amount : 12026.83

인기 있는 예

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