pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

An initial investment of 1160 earns interest for 9 years in an account that earns 12% interest, compounded quarterly. Find the balance of the account at the end of 9 years.

Solução

A n ini t ia l in v es t m e n t o f 1160 e a r n s in t eres t f or 9 ye a rs in an a cco u n t t ha t e a r n s 12% in t eres t, co m p o u n d e d q u a r t er l y . F in d t h e ba l an ce o f t h e a cco u n t a t t h e e n d o f 9 ye a rs .

Solução

Amount : 3362

Passos da solução

Translate the problem into an equation:

A = 1160 (1 + \frac{0.12}{4})^{4 \cdot 9}

1160 (1 + \frac{0.12}{4})^{4 \cdot 9} = 3362.00286 \dots

Round to the nearest hundredth:

3362

Amount : 3362

Exemplos populares

the sum of seven times a number and four equals six pair of dice is rolled. What is the probability of getting a sum of 12 What is the probability of getting a sum of 12 (Simplify your answer. Type a fraction.)the sum of two consecutive integers is 295. find the two integers In 2 years, Luther wants to buy a bicycle that costs 500.00. If he opens a savings account that earns 2% interest compounded monthly, how much will he have to deposit as principal to have enough money in 2 years to buy the bike?If twice a number added to 3 is divided by the number plus 3 , the result is three halves.