de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Seth puts 3,994.00 into an account to use for school expenses. The account earns 7.99% interest, compounded quarterly. How much will be in the account after 8 years?

Lösung

S e t h p u t s 3, 994.00 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 7.99% 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 ?

Lösung

Amount : 7520.95

Schritte zur Lösung

Translate the problem into an equation:

A = 3994 (1 + \frac{0.0799}{4})^{4 \cdot 8}

3994 (1 + \frac{0.0799}{4})^{4 \cdot 8} = 7520.95395 \dots

Round to the nearest hundredth:

7520.95

Amount : 7520.95

Beliebte Beispiele

the sum of three consecutive even integers is-414. find the three integers the radius of a kreis is 9 centimeters what is the area of the kreis if 7.1 plus 3.5 times a number equals the sum of the number and 45.9. what is the number The sum of two numbers is 47. The larger number is 19 more than the smaller number. What are the numbers?The larger of two numbers is 16 less than twice the smaller number. The sum of the two numbers is 38 . Find the two numbers. What are the numbers? (Use a comma to separate answers as needed.)