pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Ben opened a savings account and deposited 400.00 as principal. The account earns 12% interest, compounded quarterly. What is the balance after 2 years?

Solução

B e n 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 400.00 a s p r in c i p a l . T h e a cco u n t e a r n s 12% 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 2 ye a rs ?

Solução

Amount : 506.71

Passos da solução

Translate the problem into an equation:

A = 400 (1 + \frac{0.12}{4})^{4 \cdot 2}

400 (1 + \frac{0.12}{4})^{4 \cdot 2} = 506.70803 \dots

Round to the nearest hundredth:

506.71

Amount : 506.71

Exemplos populares

There are three consecutive odd integers. Three times the largest one is seven times the smallest one. What are the integers? smallest one: middle one: largest one:55% of what number is 253?the difference of twice a number and 10 is greater than-18 Terry sees this offer: Refurbished phone 35% off, now only £78. How much was the phone before the discounted price?Ben is 30 years old and Daniel is 2 years old. How many years will it take until Ben is only 3 times as old as Daniel?