es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Bella is saving up money to buy a car. Bella puts 6,000.00 into an account which earns 8% interest, compounded quarterly. How much will she have in the account after 8 years?

Solución

B e ll a i s s a v in g u p m o n ey t o b u y a c a r . B e ll a p u t s 6, 000.00 in t o an a cco u n t w hi c h e a r n s 8% in t eres t, co m p o u n d e d q u a r t er l y . Ho w m u c h w i ll s h e ha v e in t h e a cco u n t a f t er 8 ye a rs ?

Solución

Amount : 11307.24

Pasos de solución

Translate the problem into an equation:

A = 6000 (1 + \frac{0.08}{4})^{4 \cdot 8}

6000 (1 + \frac{0.08}{4})^{4 \cdot 8} = 11307.24355 \dots

Redondear al más cercano hundredth:

11307.24

Amount : 11307.24

Ejemplos populares

Omar has 8,815 in an account that earns 10% interest compounded annually.To the nearest cent, how much will he have in 1 year?Chloe invests 6,313 in a savings account with a fixed annual interest rate of 2%compounded continuously. What will the account balance be after 9 years?If four is added to six times a number, the result is twenty-nine more than the number.What is the área of square that has perimeter of 16?Abbie invests 1,541 in a savings account with a fixed annual interest rate of 2% compounded 2 times per year. What will the account balance be after 6 years?