pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

You deposit 70 in an investment account that earns 6% annual interest compounded quarterly.What is the balance of the account after 5 years?

Solução

Y o u d e p os i t 70 in an in v es t m e n t a cco u n t t ha t e a r n s 6% ann u a l 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 o f t h e a cco u n t a f t er 5 ye a rs ?

Solução

Amount : 94.28

Passos da solução

Translate the problem into an equation:

A = 70 (1 + \frac{0.06}{4})^{4 \cdot 5}

70 (1 + \frac{0.06}{4})^{4 \cdot 5} = 94.27985 \dots

Round to the nearest hundredth:

94.28

Amount : 94.28

Exemplos populares

An older model smart phone was marked down by 15% from its original price of 1.99. Find the reduced price of the old model.What is the diâmetro of a circle with a radius of 4 The shop marks up pens 40% of its cost. Find the cost if the selling price is 2.34 per pen.Mason earned 1,000.00 from a summer job and put it in a savings account that earns 13% interest compounded monthly. When Mason started college, he had 3,094.00 in the account which he used to pay for tuition. How long was the money in the account?the quotient of twice a number and 7 is 20