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인기 있는 Word Problems >

you deposit 5000 dollars into an account that pays 2.25% annual interest. find the balance after 5 years when the interest is compounded quarterly

해법

yo u d e p os i t 5000 d o ll a rs in t o an a cco u n t t ha t p a ys 2.25% ann u a l in t eres t . f in d t h e ba l an ce a f t er 5 ye a rs w h e n t h e in t eres t i s co m p o u n d e d q u a r t er l y

해법

Amount : 5593.6

솔루션 단계

Translate the problem into an equation:

A = 5000 (1 + \frac{0.0225}{4})^{4 \cdot 5}

5000 (1 + \frac{0.0225}{4})^{4 \cdot 5} = 5593.59776 \dots

가장 가까운 hundredth 으로 반올림:

5593.6

Amount : 5593.6

인기 있는 예

Mark's current age is six less than five times Nico's age. In 15 years, Mark's age will be twice Nico's age. Find their present ages.7 less than the product of 3 and a number eight more than twice a number is fifty 2 times a number, increased by 8 Boris wants to buy a bond that will mature to 6500 in seven years. How much should he pay for the bond now if it earns interest at a rate of 4% per year, compounded continuously?