en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Calculate the amount of interest earned in 8 years on 13,000 deposited in an account paying 10% annual interest, compounded quarterly.

Solution

C a l c u l a t e t h e am o u n t o f in t eres t e a r n e d in 8 ye a rs o n 13, 000 d e p os i t e d in an a cco u n t p a y in g 10% ann u a l in t eres t, co m p o u n d e d q u a r t er l y .

Solution

Interest : 15648.84

Solution steps

Translate the problem into an equation:

28648.84019 \dots = 13000 + I

Solve for

I, 28648.84019 \dots = 13000 + I : I = 15648.84

Interest : 15648.84

Popular Examples

the number a increased by twelve five less than a number is at most 11 The diameter of a circle is 10 m. Find the circumference four more than a number the larger of two numbers is 1 more than twice the smaller. The sum of the two numbers is 82.