ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

7000 are invested in a bank account at an interest rate of 4 percent per year.Find the amount in the bank after 9 years if interest is compounded quarterly

Решение

7000 a re in v es t e d in a bank a cco u n t a t an in t eres t r a t e o f 4 p erce n t p er ye a r . F in d t h e am o u n t in t h e bank a f t er 9 ye a rs i f in t eres t i s co m p o u n d e d q u a r t er l y

Решение

Amount : 10015.38

Шаги решения

Translate the problem into an equation:

A = 7000 (1 + \frac{0.04}{4})^{4 \cdot 9}

7000 (1 + \frac{0.04}{4})^{4 \cdot 9} = 10015.38148 \dots

Округлите до ближайшего hundredth:

10015.38

Amount : 10015.38

Популярные примеры

78 is 45 percent of what number The разность between the squares of two consecutive odd numbers Carson is saving up money to buy a car. Carson puts 6,927.00 into an account which earns 8.89% interest, compounded quarterly. How much will he have in the account after 8 years?What is the length of the circle's диаметр (d) if the circle's area is approximately 440pi in 2 ? Provide an answer accurate to the nearest hundredth.nine times the sum of a number and 5 is 4