es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Anya invests 25 000 in an account earning compound interest of 10% per annum compounding quarterly.a Find the amount in the account after 3 years

Solución

Anya invests 25 000 in an account earning compound interest of 10% per annum compounding quarterly.a Find the amount in the account after 3 years

Solución

Amount : 33622.22

Pasos de solución

Translate the problem into an equation:

A = 25000 (1 + \frac{0.1}{4})^{4 \cdot 3}

25000 (1 + \frac{0.1}{4})^{4 \cdot 3} = 33622.22060 \dots

Round to the nearest hundredth:

33622.22

Amount : 33622.22

Ejemplos populares

Kristen inherited some money from her grandfather and put it in a bank account that earns 5% interest compounded monthly. After 2 years, Kristen had 700.00 in the bank account. How much interest did she earn?Round your answer to the nearest cent.During summer vacation, Maria read, on promedio, 10 pages per night. Now that she has returned to school, she is averaging 10% more. How many pages per night is Maria averaging now?The diámetro of a circle is 28 millimeters. What is the circle's area?Leroy deposited 8,000 in an account earning 5% interest compounded annually.To the nearest cent, how much will he have in 2 years?The circunferencia of a circle is 24pi ft. What is the area, in square feet? Express your answer in terms of pipi.