fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Suppose that when your friend was born, your friend's parents deposited 4000 in an account paying 4.5% interest compounded quarterly. What will the account balance be after 19 years?

Solution

S u pp ose t ha t w h e n yo u r f r i e n d w a s ​ b or n, yo u r ​ f r i e n d^{'} s p a re n t s d e p os i t e d ​4000 in an a cco u n t p a y in g 4.5​% in t eres t co m p o u n d e d q u a r t er l y . Wha t w i ll t h e a cco u n t ba l an ce b e a f t er 19 ​ ye a rs ?

Solution

Amount : 9360.71

étapes des solutions

Translate the problem into an equation:

A = 4000 (1 + \frac{0.045}{4})^{4 \cdot 19}

4000 (1 + \frac{0.045}{4})^{4 \cdot 19} = 9360.70637 \dots

Arrondir à hundredth la plus proche:

9360.71

Amount : 9360.71

Exemples populaires

The diameter of a circle is 7 ft. Find its circonférence in terms of pi pi thrice the number decreased by four the sum of two numbers is 24 and their différence is 2. what are the numbers?A number divided by 2, plus 5, is 8 2 less than the quotient of a number and 9 is 5.