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Phổ biến Word Problems >

Vincent puts 300.00 into an account to use for school expenses. The account earns 5% interest, compounded quarterly. How much will be in the account after 5 years?

Lời Giải

Vin ce n t p u t s 300.00 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 5% 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 5 ye a rs ?

Lời Giải

Amount : 384.61

Các bước giải pháp

Translate the problem into an equation:

A = 300 (1 + \frac{0.05}{4})^{4 \cdot 5}

300 (1 + \frac{0.05}{4})^{4 \cdot 5} = 384.61116 \dots

Làm tròn đến hundredth gần nhất:

384.61

Amount : 384.61

Ví dụ phổ biến

a fair coin is flipped 10 times. What is the probability that exactly 4 of the 10 flips come up heads?The sum of twice a number and 4 is 1 a circle's đường kính is 10m what is radius Tim opened a savings account and deposited 300.00 as principal. The account earns 5% interest, compounded monthly. How much interest will he earn after 3 years?56% of what number is 35