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인기 있는 Word Problems >

Matthew invests 500 into an account with a 2.5% interest that is compounded quarterly. How much money will he have in this account if he keeps it for 10 years?

해법

M a tt h e w in v es t s 500 in t o an a cco u n t w i t h a 2.5% in t eres t t ha t i s co m p o u n d e d q u a r t er l y . Ho w m u c h m o n ey w i ll h e ha v e in t hi s a cco u n t i f h e k ee p s i t f or 10 ye a rs ?

해법

Amount : 641.51

솔루션 단계

Translate the problem into an equation:

A = 500 (1 + \frac{0.025}{4})^{4 \cdot 10}

500 (1 + \frac{0.025}{4})^{4 \cdot 10} = 641.51341 \dots

가장 가까운 hundredth 으로 반올림:

641.51

Amount : 641.51

인기 있는 예

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