vi

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Phổ biến Word Problems >

An initial investment of 14,000 is appreciated for 3 years in an account that earns 10% interest, compounded semiannually. Find the amount of money in the account at the end of the period.

Lời Giải

A n ini t ia l in v es t m e n t o f 14, 000 i s a pp rec ia t e d f or 3 ye a rs in an a cco u n t t ha t e a r n s 10% in t eres t, co m p o u n d e d se miann u a ll y . F in d t h e am o u n t o f m o n ey in t h e a cco u n t a t t h e e n d o f t h e p er i o d .

Lời Giải

Amount : 18761.34

Các bước giải pháp

Translate the problem into an equation:

A = 14000 (1 + \frac{0.1}{2})^{2 \cdot 3}

14000 (1 + \frac{0.1}{2})^{2 \cdot 3} = 18761.33896 \dots

Làm tròn đến hundredth gần nhất:

18761.34

Amount : 18761.34

Ví dụ phổ biến

Kenji invests 3,500 at an interest rate of 3%, compounded monthly. About how much is the investment worth at the end of 5 years?If the radius of this circle is 9m , the đường kính is...the price of an item has been reduced by 55% the original price was 40 what is the price of the item now The sum of two numbers is 17 . The second number is 9 less than the first number.Billy opened a savings account and deposited 1,000.00 as principal. The account earns 5% interest, compounded annually. What is the balance after 3 years?