es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Jeremiah opened a savings account and deposited 100.00 as principal. The account earns 4% interest, compounded quarterly. How much interest will he earn after 4 years?

Solución

J ere miah 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 100.00 a s p r in c i p a l . T h e a cco u n t e a r n s 4% 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 in t eres t w i ll h e e a r n a f t er 4 ye a rs ?

Solución

Interest : 17.26

Pasos de solución

Translate the problem into an equation:

117.25786 \dots = 100 + I

Resolver para

I, 117.25786 \dots = 100 + I : I = 17.26

Interest : 17.26

Ejemplos populares

You deposit 14000 in an account earning .5% interest compounded monthly. How much will you have in the account in .25 years?60% of what number is 33 Salma wants to buy a bond that will mature to \$4500 in eight years. How much should she pay for the bond now if it earns interest at a rate of 3.5% per year, compounded continuously?One positive number is 8 times another number. Their diferencia is 70:Find the numbers.You invest 500 in an account that has an annual interest rate of 8%, compounded weekly for 12 years. What is the equivalent interest rate and how many times will the money be compounded? How much will you have?