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شائع Word Problems >

.A principal 20300, is invested at 12% interest for 5 years. Determine the future value if the interest is compounded quarterly. resent value of the project.

الحلّ

. A p r in c i p a l 20300, i s in v es t e d a t 12% in t eres t f or 5 ye a rs . De t er min e t h e f u t u re v a l u e i f t h e in t eres t i s co m p o u n d e d q u a r t er l y . rese n t v a l u e o f t h e p ro j ec t .

الحلّ

Amount : 36664.06

خطوات الحلّ

Translate the problem into an equation:

A = 20300 (1 + \frac{0.12}{4})^{4 \cdot 5}

20300 (1 + \frac{0.12}{4})^{4 \cdot 5} = 36664.05806 \dots

Round to the nearest hundredth:

36664.06

Amount : 36664.06

أمثلة شائعة

six more than the product of a number and 3 is equal to 4 In 4 years’ time, a mother will be three times as old as her son. Four years ago she was five times as old as her son. Find their present ages.the product of some negative number and 3 less than twice that number is 464 Gina has a basket of apples. She gives 5 apples away, and she has 14 left. Write and solve an equation to find out how many apples were in the basket at the start.the product of two consecutive positive integers is 306.we need to find the integers