fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

If 10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 4 years

Solution

I f 10, 000 i s in v es t e d a t an in t eres t r a t e o f 2% p er ye a r, co m p o u n d e d se miann u a ll y, f in d t h e v a l u e o f t h e in v es t m e n t a f t er 4 ye a rs

Solution

Amount : 10828.57

étapes des solutions

Translate the problem into an equation:

A = 10000 (1 + \frac{0.02}{2})^{2 \cdot 4}

10000 (1 + \frac{0.02}{2})^{2 \cdot 4} = 10828.56705 \dots

Arrondir à hundredth la plus proche:

10828.57

Amount : 10828.57

Exemples populaires

Arrange the number cards below to make the smallest possible number hat, when rounded to the nearest 1000 gives an answer of 80,000 Leo has 20 in an account that earns 5% interest compounded annually.To the nearest cent, how much will he have in 1 year?The radius of a cercle is 3 m. Find its area in terms of pipi.The price of a pizza plus 14% delivery charge comes to a total cost of 18.24. What was the price of the pizza? Describe the situation as a linéaire equation, using x as the variable to describe the unknown quantity.Twice the différence of a number and 8 equals 3