fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Megan opened a savings account 7 years ago. The account earns 6% interest, compounded quarterly. If the current balance is 200.00, how much did she deposit initially?

Solution

M e g an o p e n e d a s a v in g s a cco u n t 7 ye a rs a g o . T h e a cco u n t e a r n s 6% in t eres t, co m p o u n d e d q u a r t er l y . I f t h e c u rre n t ba l an ce i s 200.00, h o w m u c h d i d s h e d e p os i t ini t ia ll y ?

Solution

Principal : 131.82

étapes des solutions

Translate the problem into an equation:

200 = P (1 + \frac{0.06}{4})^{4 \cdot 7}

Solutionner pour

P, 200 = P (1 + \frac{0.06}{4})^{4 \cdot 7} : P = 131.82

Principal : 131.82

Exemples populaires

The radius of a circle is 3 inches. What is the circle's circonférence?Find the volume of a sphere with a rayon of 7 in:the sum of 5 consecutive even numbers is 200. What is the fifth number in this sequence?Molly opened a savings account and deposited 800.00 as principal. The account earns 15% interest, compounded annually. How much interest will she earn after 2 years??Child Left Behind Practic 20% of what number is 48 TUT