Brenna is saving up money to buy a car. Brenna puts 5,000.00 into an account which earns 2% interest, compounded quarterly. How much will she have in the account after 3 years?'

Lời Giải

Brenna is saving up money to buy a car. Brenna puts 5, 000.00 into an account which earns 2% interest, compounded quarterly. How much will she have in the account after 3 years?'

Lời Giải

Amount : 5308.39

Các bước giải pháp

Translate the problem into an equation:

A = 5000 (1 + \frac{0.02}{4})^{4 \cdot 3}

5000 (1 + \frac{0.02}{4})^{4 \cdot 3} = 5308.38905 \dots

Làm tròn đến hundredth gần nhất:

5308.39

Amount : 5308.39

Ví dụ phổ biến

the sum of 9 times a number and 3 is 4 A massage gun costing 14.00 to manufacture is marked up 150%. What is the selling price?the sum of 9 times a number and 3 is 2 the product of the number and −14 Keyanna saved 4600. Over the course of 4 years, Keyanna ended up earning an additional 1656 in interest. What was the simple interest rate of the loan?