fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

15000 dollars is invested for 10 years with an APR of 5% and quarterly compounding. what is the balance in the account after 10 years

Solution

15000 d o ll a rs i s in v es t e d f or 10 ye a rs w i t h an A PR o f 5% an d q u a r t er l y co m p o u n d in g . w ha t i s t h e ba l an ce in t h e a cco u n t a f t er 10 ye a rs

Solution

Amount : 24654.29

étapes des solutions

Translate the problem into an equation:

A = 15000 (1 + \frac{0.05}{4})^{4 \cdot 10}

15000 (1 + \frac{0.05}{4})^{4 \cdot 10} = 24654.29195 \dots

Arrondir à hundredth la plus proche:

24654.29

Amount : 24654.29

Exemples populaires

The sum of three consecutive integers is 75 . Find the first integer.The diamètre of a circle is 42 ft. Find its area to the nearest whole number.Nina is n years old. Paul is 2 years younger than Nina. The product of their ages is 783. What is Paul's age?The sum of two numbers is 34. One number is 7 less than 2 times the other. What are the 2 numbers?a store pays 2.50 for an item. your friend finds the selling price when the markup is 40%. is your friend correct?