ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Tori puts 3,000.00 into an account to use for school expenses. The account earns 12% interest, compounded quarterly. How much will be in the account after 8 years?

Решение

T or i p u t s 3, 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 12% 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 ?

Решение

Amount : 7725.25

Шаги решения

Translate the problem into an equation:

A = 3000 (1 + \frac{0.12}{4})^{4 \cdot 8}

3000 (1 + \frac{0.12}{4})^{4 \cdot 8} = 7725.24826 \dots

Округлите до ближайшего hundredth:

7725.25

Amount : 7725.25

Популярные примеры

bill is 6 years older than tom. three years ago bills age was four times toms age. find the age of each boy now.Moneysaver's Bank offers a savings account that earns 5.5% interest per year, compounded continuously. If Isabel deposits \$1700, how much will she have in the account after five years, assuming she makes no withdrawals?a number squared increased by 20 The окружность of a circle is 3pi kilometers. What is the area?Alvin is 6 years younger than Elga. The sum of their ages is 38 . What is Elga's age? years old