ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Hanson puts 4,174.00 into an account to use for school expenses. The account earns 14% interest, compounded quarterly. How much will be in the account after 10 years?

Решение

H an so n p u t s 4, 174.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 14% in t eres t, co m p o u n d e d q u a r t er l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 10 ye a rs ?

Решение

Amount : 16525.95

Шаги решения

Translate the problem into an equation:

A = 4174 (1 + \frac{0.14}{4})^{4 \cdot 10}

4174 (1 + \frac{0.14}{4})^{4 \cdot 10} = 16525.95007 \dots

Округлите до ближайшего hundredth:

16525.95

Amount : 16525.95

Популярные примеры

the product of 5, and 3 more than twice a number equals 165. What is the number?A number is equal to twice the sum of the same number and ten A toner cartridge costs 55.75 plus 7.75% sales tax. What is the total cost of the toner cartridge?number increased by-55 is 6:Find the number To start a new business Beth deposits 2000 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of 9 years?