it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Suppose that when your friend was born, your friend's parents deposited 9000 in an account paying 5.1% interest compounded quarterly. What will the account balance be after 15 years?

Soluzione

S u pp ose t ha t w h e n yo u r f r i e n d w a s ​ b or n, yo u r ​ f r i e n d^{'} s p a re n t s d e p os i t e d ​9000 in an a cco u n t p a y in g 5.1​% in t eres t co m p o u n d e d q u a r t er l y . Wha t w i ll t h e a cco u n t ba l an ce b e a f t er 15 ​ ye a rs ?

Soluzione

Amount : 19247.65

Fasi della soluzione

Translate the problem into an equation:

A = 9000 (1 + \frac{0.051}{4})^{4 \cdot 15}

9000 (1 + \frac{0.051}{4})^{4 \cdot 15} = 19247.64591 \dots

Arrotondare all' hundredth più vicino:

19247.65

Amount : 19247.65

Esempi popolari

The radius of a circle is 19 cm. Find its circonferenza in terms of pipi.bob has 10 apples. He shoves 5 up his butt. How many does he have left?The product of a number and 9 less than the number is 36. Find the number The cube of the product of 8 and a number Suppose that 2600 is borrowed for three years at an interest rate of 5.5% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end