it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Aaron puts 800.00 into an account to use for school expenses. The account earns 11% interest, compounded quarterly. How much will be in the account after 8 years?

Soluzione

A a ro n p u t s 800.00 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 11% 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 ?

Soluzione

Amount : 1905.94

Fasi della soluzione

Translate the problem into an equation:

A = 800 (1 + \frac{0.11}{4})^{4 \cdot 8}

800 (1 + \frac{0.11}{4})^{4 \cdot 8} = 1905.93710 \dots

Arrotondare all' hundredth più vicino:

1905.94

Amount : 1905.94

Esempi popolari

The circonferenza of a circle is 2𝜋 miles. What is the radius?The differenza of three times a number and nine is 3 The differenza of two numbers is 2. The sum of the same two numbers is 6. Find the numbers. Write the numbers from least to greatest.Find the final amount of money in an account if 9,100 is deposited at 3% interest compounded weekly and the money is left for 6 years.A number decreased by 15 is equal to the number times −5.