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Popolare Word Problems >

Suppose that 1200 is invested at 612% , compounded quarterly. How much is in the account at the end of 5 years?

Soluzione

S u pp ose t ha t 1200 i s in v es t e d a t 612%, co m p o u n d e d q u a r t er l y . Ho w m u c h i s in t h e a cco u n t a t t h e e n d o f 5 ye a rs ?

Soluzione

Amount : 138545259220.06

Fasi della soluzione

Translate the problem into an equation:

A = 1200 (1 + \frac{6.12}{4})^{4 \cdot 5}

1200 (1 + \frac{6.12}{4})^{4 \cdot 5} = 138545259220.05893

Arrotondare all' hundredth più vicino:

138545259220.06

Amount : 138545259220.06

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