fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Anya invests 25 000 in an account earning compound interest of 10% per annum compounding quarterly.a Find the amount in the account after 3 years

Solution

A n y a in v es t s 25000 in an a cco u n t e a r nin g co m p o u n d in t eres t o f 10% p er ann u m co m p o u n d in g q u a r t er l y . a F in d t h e am o u n t in t h e a cco u n t a f t er 3 ye a rs

Solution

Amount : 33622.22

étapes des solutions

Translate the problem into an equation:

A = 25000 (1 + \frac{0.1}{4})^{4 \cdot 3}

25000 (1 + \frac{0.1}{4})^{4 \cdot 3} = 33622.22060 \dots

Arrondir à hundredth la plus proche:

33622.22

Amount : 33622.22

Exemples populaires

98% of a number is 294 Kristen inherited some money from her grandfather and put it in a bank account that earns 5% interest compounded monthly. After 2 years, Kristen had 700.00 in the bank account. How much interest did she earn?Round your answer to the nearest cent.During summer vacation, Maria read, on moyenne, 10 pages per night. Now that she has returned to school, she is averaging 10% more. How many pages per night is Maria averaging now?The diamètre of a circle is 28 millimeters. What is the circle's area?Leroy deposited 8,000 in an account earning 5% interest compounded annually.To the nearest cent, how much will he have in 2 years?