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人気のある Word Problems >

15000 dollars is invested for 10 years with an APR of 5% and quarterly compounding. what is the balance in the account after 10 years

解

15000 d o ll a rs i s in v es t e d f or 10 ye a rs w i t h an A PR o f 5% an d q u a r t er l y co m p o u n d in g . w ha t i s t h e ba l an ce in t h e a cco u n t a f t er 10 ye a rs

解

Amount : 24654.29

解答ステップ

Translate the problem into an equation:

A = 15000 (1 + \frac{0.05}{4})^{4 \cdot 10}

15000 (1 + \frac{0.05}{4})^{4 \cdot 10} = 24654.29195 \dots

最も近い

h u n d re d t h

に四捨五入:

24654.29

Amount : 24654.29

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