it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Denise opened a savings account and deposited 4,000.00 as principal. The account earns 11% interest, compounded quarterly. What is the balance after 9 years?

Soluzione

De ni se o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 4, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 11% in t eres t, co m p o u n d e d q u a r t er l y . Wha t i s t h e ba l an ce a f t er 9 ye a rs ?

Soluzione

Amount : 10621.99

Fasi della soluzione

Translate the problem into an equation:

A = 4000 (1 + \frac{0.11}{4})^{4 \cdot 9}

4000 (1 + \frac{0.11}{4})^{4 \cdot 9} = 10621.99006 \dots

Arrotondare all' hundredth più vicino:

10621.99

Amount : 10621.99

Esempi popolari

You deposit 6000 in an account earning 2% interest compounded continuously. How much will you have in the account in 10 years?the sum of 2 numbers is 32. one number is 3 times larger 20 is 25% of what number four times a number is 112 Twice the differenza of a number and 7 is equal to 8.