it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Jayden invested 65,000 in an account paying an interest rate of 2.1% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 7 years?

Soluzione

J a y d e n in v es t e d 65, 000 in an a cco u n t p a y in g an in t eres t r a t e o f 2.1% co m p o u n d e d q u a r t er l y . A ss u min g n o d e p os i t s or w i t h d r a w a l s a re ma d e, h o w m u c h m o n ey, t o t h e n e a res t t e n d o ll a rs, w o u l d b e in t h e a cco u n t a f t er 7 ye a rs ?

Soluzione

Amount : 75264.06

Fasi della soluzione

Translate the problem into an equation:

A = 65000 (1 + \frac{0.021}{4})^{4 \cdot 7}

65000 (1 + \frac{0.021}{4})^{4 \cdot 7} = 75264.06076 \dots

Arrotondare all' hundredth più vicino:

75264.06

Amount : 75264.06

Esempi popolari

Madeline invested 960 in an account paying an interest rate of 3.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 1,250?Camila invested 9,100 in an account paying an interest rate of 4.6% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 14 years?The sum of three consecutive integers is-48. List the numbers from smallest to largest:The sum of two consecutive integers is −135. Find the numbers Ryan invested 5,900 in an account paying an interest rate of 5% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 11 years?