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Beliebt Word Problems >

Jenny deposited 4000 into an account with 5.7% interest, compounded semiannually. Assuming that no withdrawals are made, how much will she have in the account after 4 years?

Lösung

J e nn y d e p os i t e d 4000 in t o an a cco u n t w i t h 5.7% in t eres t, co m p o u n d e d se miann u a ll y . A ss u min g t ha t n o w i t h d r a w a l s a re ma d e, h o w m u c h w i ll s h e ha v e in t h e a cco u n t a f t er 4 ye a rs ?

Lösung

Amount : 5008.35

Schritte zur Lösung

Translate the problem into an equation:

A = 4000 (1 + \frac{0.057}{2})^{2 \cdot 4}

4000 (1 + \frac{0.057}{2})^{2 \cdot 4} = 5008.34640 \dots

Round to the nearest hundredth:

5008.35

Amount : 5008.35

Beliebte Beispiele

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