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Beliebt Word Problems >

If 12, 000 is invested at 14% interest compounded quarterly, find the interest earned in 12 years.

Lösung

I f ​12, 000 i s in v es t e d a t 14​% in t eres t co m p o u n d e d q u a r t er l y ​, f in d t h e in t eres t e a r n e d in 12 ye a rs .

Lösung

Interest : 50563.07

Schritte zur Lösung

Translate the problem into an equation:

62563.06776 \dots = 12000 + I

Löse nach

I, 62563.06776 \dots = 12000 + I : I = 50563.07

Interest : 50563.07

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