pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

You deposit 3500 in an account that pays 2.16% annual interest. Find the balance after 6 years when the interest is compounded quarterly.

Solução

Y o u d e p os i t 3500 in an a cco u n t t ha t p a ys 2.16% ann u a l in t eres t . F in d t h e ba l an ce a f t er 6 ye a rs w h e n t h e in t eres t i s co m p o u n d e d q u a r t er l y .

Solução

Amount : 3982.92

Passos da solução

Translate the problem into an equation:

A = 3500 (1 + \frac{0.0216}{4})^{4 \cdot 6}

3500 (1 + \frac{0.0216}{4})^{4 \cdot 6} = 3982.91635 \dots

Round to the nearest hundredth:

3982.92

Amount : 3982.92

Exemplos populares

Alvin's age is two times Elga's age. The sum of their ages is 27 . What is Elga's age?Gavin is saving up money to buy a car. Gavin puts 5,000.00 into an account which earns 10% interest, compounded continuously. How much will he have in the account after 1 year?The circunferência of a circle is 6pi m. What is the area, in square meters? Express your answer in terms of pi.fatoração first 30 prim number 85% of what number is 34?