it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Kenji opened a savings account and deposited 300.00 as principal. The account earns 10% interest, compounded quarterly. What is the balance after 2 years?

Soluzione

Ke nji o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 300.00 a s p r in c i p a l . T h e a cco u n t e a r n s 10% in t eres t, co m p o u n d e d q u a r t er l y . Wha t i s t h e ba l an ce a f t er 2 ye a rs ?

Soluzione

Amount : 365.52

Fasi della soluzione

Translate the problem into an equation:

A = 300 (1 + \frac{0.1}{4})^{4 \cdot 2}

300 (1 + \frac{0.1}{4})^{4 \cdot 2} = 365.52086 \dots

Arrotondare all' hundredth più vicino:

365.52

Amount : 365.52

Esempi popolari

If Pepe has 1 apple and his brother give him 2 apples. How many apple does Pepe have five is the result when twenty three divides a number Harry opened a savings account and deposited 300.00 as principal. The account earns 7% interest, compounded quarterly. What is the balance after 10 years?Find two positive even consecutive integers such that the square of the smaller integer is 10 more than the larger integer.The circonferenza of a circle is 4pi feet. What is the area?