de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

Austin is saving up money to buy a car. Austin puts 7,000.00 into an account which earns 13% interest, compounded quarterly. How much will he have in the account after 7 years?

Lösung

A u s t in i s s a v in g u p m o n ey t o b u y a c a r . A u s t in p u t s 7, 000.00 in t o an a cco u n t w hi c h e a r n s 13% in t eres t, co m p o u n d e d q u a r t er l y . Ho w m u c h w i ll h e ha v e in t h e a cco u n t a f t er 7 ye a rs ?

Lösung

Amount : 17140.35

Schritte zur Lösung

Translate the problem into an equation:

A = 7000 (1 + \frac{0.13}{4})^{4 \cdot 7}

7000 (1 + \frac{0.13}{4})^{4 \cdot 7} = 17140.35171 \dots

Round to the nearest hundredth:

17140.35

Amount : 17140.35

Beliebte Beispiele

Four less than three times a number is the same as five times the number. Find the number.The radius of a circle is 4 miles. What is the circle's kreisumfang?what number is 55% of 120 One number is 1/2 of another number. The sum of the two numbers is 9. Find the two numbers.The durchmesser of a circle is 10 ft. Find its area