Solución
you deposit 5000 dollars into an account that pays 2.25% annual interest. find the balance after 5 years when the interest is compounded quarterly
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
Mark's current age is six less than five times Nico's age. In 15 years, Mark's age will be twice Nico's age. Find their present ages.7 less than the product of 3 and a numbereight more than twice a number is fifty2 times a number, increased by 8Boris wants to buy a bond that will mature to 6500 in seven years. How much should he pay for the bond now if it earns interest at a rate of 4% per year, compounded continuously?