es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Cynthia invested 12,000 in a savings account. If the interest rate is 6% per year, how much will be in the account in 10 years with quarterly compounding?

Solución

C y n t hia in v es t e d 12, 000 in a s a v in g s a cco u n t . I f t h e in t eres t r a t e i s 6% p er ye a r, h o w m u c h w i ll b e in t h e a cco u n t in 10 ye a rs w i t h q u a r t er l y co m p o u n d in g ?

Solución

Amount : 21768.22

Pasos de solución

Translate the problem into an equation:

A = 12000 (1 + \frac{0.06}{4})^{4 \cdot 10}

12000 (1 + \frac{0.06}{4})^{4 \cdot 10} = 21768.22090 \dots

Redondear al más cercano hundredth:

21768.22

Amount : 21768.22

Ejemplos populares

Between which two consecutive integers does \sqrt[3]{168} lie?twenty-four is eight less than twice a number.What is the number The wholesale price for a shirt is 4.50 . A certain department store marks up the wholesale price by 90%. Find the price of the shirt in the department store.Round your answer to the nearest cent, as necessary.The sum of 8 times a number and 3 equals 2 a number squared is less than or equal to 30