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인기 있는 Word Problems >

You deposit 70 in an investment account that earns 6% annual interest compounded quarterly.What is the balance of the account after 5 years?

해법

Y o u d e p os i t 70 in an in v es t m e n t a cco u n t t ha t e a r n s 6% ann u a l 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 o f t h e a cco u n t a f t er 5 ye a rs ?

해법

Amount : 94.28

솔루션 단계

Translate the problem into an equation:

A = 70 (1 + \frac{0.06}{4})^{4 \cdot 5}

70 (1 + \frac{0.06}{4})^{4 \cdot 5} = 94.27985 \dots

가장 가까운 hundredth 으로 반올림:

94.28

Amount : 94.28

인기 있는 예

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