ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Kenneth puts 700.00 into an account to use for school expenses. The account earns 12% interest, compounded quarterly. How much will be in the account after 4 years?

Решение

Ke nn e t h p u t s 700.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 12% in t eres t, co m p o u n d e d q u a r t er l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 4 ye a rs ?

Решение

Amount : 1123.29

Шаги решения

Translate the problem into an equation:

A = 700 (1 + \frac{0.12}{4})^{4 \cdot 4}

700 (1 + \frac{0.12}{4})^{4 \cdot 4} = 1123.29450 \dots

Округлите до ближайшего hundredth:

1123.29

Amount : 1123.29

Популярные примеры

If 15% of a number is 0.00036, what is the number?The sum of the squares of five consecutive positive integers starting with is 2655 The sum of two numbers is 30 and their разность is 12 .Write two equations and find the numbers.The radius of a окружность is 17 m. Find its area in terms of seven less than the product of 5 and a number is equal to two