ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Keenan opened a savings account and deposited 1,000.00 as principal. The account earns 13% interest, compounded quarterly. What is the balance after 4 years?

Решение

Kee nan o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 1, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 13% in t eres t, co m p o u n d e d q u a r t er l y . Wha t i s t h e ba l an ce a f t er 4 ye a rs ?

Решение

Amount : 1668.17

Шаги решения

Translate the problem into an equation:

A = 1000 (1 + \frac{0.13}{4})^{4 \cdot 4}

1000 (1 + \frac{0.13}{4})^{4 \cdot 4} = 1668.17252 \dots

Округлите до ближайшего hundredth:

1668.17

Amount : 1668.17

Популярные примеры

The окружность of a circle is 12𝜋 kilometers. What is the radius?the sum of two consecutive integers is 105 two increased by a number The area of a окружность is 16𝜋 square miles. What is the radius?Cassie's age is 3 less than twice Kara's age. The sum of their ages is 42.:Create an equation to find Kara's age, n