ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Percy is saving up money to buy a car. Percy puts 6,000.00 into an account which earns 2% interest, compounded quarterly. How much will he have in the account after 2 years?

Решение

P ercy i s s a v in g u p m o n ey t o b u y a c a r . P ercy p u t s 6, 000.00 in t o an a cco u n t w hi c h e a r n s 2% 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 h e ha v e in t h e a cco u n t a f t er 2 ye a rs ?

Решение

Amount : 6244.24

Шаги решения

Translate the problem into an equation:

A = 6000 (1 + \frac{0.02}{4})^{4 \cdot 2}

6000 (1 + \frac{0.02}{4})^{4 \cdot 2} = 6244.24226 \dots

Округлите до ближайшего hundredth:

6244.24

Amount : 6244.24

Популярные примеры

You buy a zero coupon bond with a face value of 19,000 that matures in 27 years for 8,000. What is your annual compound rate of return?\ 62 decreased by twice a number The разность of two number is 13. The second number is five less than two times the first number. Write a system of equations and find the two numbers.The radius of a circle is 13 in. Find its окружность in terms of pipi.If you borrow 2000 for 7 years at an annual interest rate of 15% , what is the total amount of money you will pay back?