ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

If 10,000 is invested at 6% annual interest compounded yearly, what is the account balance after 4 years, assuming no additional deposits or withdrawals are made?

الحلّ

I f 10, 000 i s in v es t e d a t 6% ann u a l in t eres t co m p o u n d e d ye a r l y, w ha t i s t h e a cco u n t ba l an ce a f t er 4 ye a rs, a ss u min g n o a dd i t i o na l d e p os i t s or w i t h d r a w a l s a re ma d e ?

الحلّ

Amount : 12624.77

خطوات الحلّ

Translate the problem into an equation:

A = 10000 (1 + \frac{0.06}{1})^{1 \cdot 4}

10000 (1 + \frac{0.06}{1})^{1 \cdot 4} = 12624.7696

Round to the nearest hundredth:

12624.77

Amount : 12624.77

أمثلة شائعة

Suppose an investment earns 3.5% interest compounded continuously. Find the future value of a 4600 investment after 22 years. Round your answer to the nearest cent, if necessary.You deposit 3000 in an account earning 5% interest compounded monthly. How much will you have in the account in 69 years?The circumference of a circle is 6pi ft. What is the area, in square feet? Express your answer in terms of If I have \$200, and my savings bond pays 4% interest, how much interest will I earn after 7 years?Find the amount in the account for the given principal, interest rate, time, and compounding period.Pequals1,900, requals3.5%, tequals4 years; compounded daily