it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Find the final amount of money in an account if \$500 is deposited at 7.5 %interest compounded quarterly and the money is left for 8 years.

Soluzione

F in d t h e f ina l am o u n t o f m o n ey in an a cco u n t i f $500 i s d e p os i t e d a t 7.5 % in t eres t co m p o u n d e d q u a r t er l y an d t h e m o n ey i s l e f t f or 8 ye a rs .

Soluzione

Amount : 906.01

Fasi della soluzione

Translate the problem into an equation:

A = 500 (1 + \frac{0.075}{4})^{4 \cdot 8}

500 (1 + \frac{0.075}{4})^{4 \cdot 8} = 906.01189 \dots

Arrotondare all' hundredth più vicino:

906.01

Amount : 906.01

Esempi popolari

The quotient of 8 and the cube of a number.The product of 3 and 4 less than a number is-4.The circonferenza of a circle is 17pi ft. What is the area, in square feet? Express your answer in terms of pipi.amy is 7 years older than beth. the product of their ages is 800. what is their combined age If a circle has a circonferenza of 14pi, what is its exact radius?