es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

3,000 and earns 4.1% interest compounded quarterly.What will the account be worth in 2 years?

Solución

3, 000 and earns 4.1% interest compounded quarterly.What will the account be worth in 2 years?

Solución

Amount : 3255.01

Pasos de solución

Translate the problem into an equation:

A = 3000 (1 + \frac{0.041}{4})^{4 \cdot 2}

3000 (1 + \frac{0.041}{4})^{4 \cdot 2} = 3255.00850 \dots

Round to the nearest hundredth:

3255.01

Amount : 3255.01

Ejemplos populares

three more than the quotient of a number and 6 is equal to 7 Danny is 28 years younger than Trudy. Rose is 36. Ariana is 25 years younger than Rose and 57 years younger than Trudy. How old is Danny?Angela deposits 1000 into an account with an APR of 3.1% for 10 years. Find the future value of the account if interest is compounded monthly. Round your answer to the nearest hundredth, if necessary.10 increased by a number is 27 Suppose that 17,000 is deposited for eight years at 5% APR. Calculate the interest earned if interest is compounded weekly. Round your answer to the nearest cent.