ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Christina opened a savings account and deposited 5,000.00 as principal. The account earns 15% interest, compounded quarterly. What is the balance after 10 years?

Решение

C h r i s t ina o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 5, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 15% 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 a f t er 10 ye a rs ?

Решение

Amount : 21801.89

Шаги решения

Translate the problem into an equation:

A = 5000 (1 + \frac{0.15}{4})^{4 \cdot 10}

5000 (1 + \frac{0.15}{4})^{4 \cdot 10} = 21801.89379 \dots

Округлите до ближайшего hundredth:

21801.89

Amount : 21801.89

Популярные примеры

A principal of 2600 is invested at 6% interest, compounded annually. How much will the investment be worth after 14 years?The окружность of a circle is 62.8 feet. Find the area of the circle to the nearest whole number.If a person is 2 times another person’s age now, how old will they be in 10 years time An amount of PHP 3,000 is borrowed for 2 years. At the end of the two years, PHP 3,720 is paid back. What was the simple interest rate?Kurt planted sunflowers in the community garden. During his last visit to the garden, the plants were 63 inches tall. Today, Kurt found them to be 10% taller. How tall are the sunflowers now?