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Populaire Word Problems >

If 12,000 is invested at 14% interest compounded quarterly, find the interest earned in 112 years.

Solution

I f ​12, 000 i s in v es t e d a t 14​% in t eres t co m p o u n d e d q u a r t er l y ​, f in d t h e in t eres t e a r n e d in 112 ye a rs .

Solution

Interest : 59218563096.01

étapes des solutions

Translate the problem into an equation:

59218575096.01049 = 12000 + I

Solutionner pour

I, 59218575096.01049 = 12000 + I : I = 59218563096.01

Interest : 59218563096.01

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