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Mia is saving up money to buy a car. Mia puts 6,000.00 into an account which earns 6% interest, compounded quarterly. How much will she have in the account after 8 years?

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解答

Miaissavingupmoneytobuyacar.Miaputs6,000.00intoanaccountwhichearns6%interest,compoundedquarterly.Howmuchwillshehaveintheaccountafter8years?

解答

Amount:9661.95
求解步骤
Translate the problem into an equation:A=6000(1+40.06​)4⋅8
6000(1+40.06​)4⋅8=9661.94592…
Round to the nearest hundredth:9661.95
Amount:9661.95

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