it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

An initial investment of 12,000 is appreciated for 7 years in an account that earns 9% interest, compounded quarterly. Find the amount of money in the account at the end of the period.

Soluzione

A n ini t ia l in v es t m e n t o f 12, 000 i s a pp rec ia t e d f or 7 ye a rs in an a cco u n t t ha t e a r n s 9% in t eres t, co m p o u n d e d q u a r t er l y . F in d t h e am o u n t o f m o n ey in t h e a cco u n t a t t h e e n d o f t h e p er i o d .

Soluzione

Amount : 22374.54

Fasi della soluzione

Translate the problem into an equation:

A = 12000 (1 + \frac{0.09}{4})^{4 \cdot 7}

12000 (1 + \frac{0.09}{4})^{4 \cdot 7} = 22374.53988 \dots

Arrotondare all' hundredth più vicino:

22374.54

Amount : 22374.54

Esempi popolari

Find the raggio of a sphere with a volume of 972pi if the speed of the jet is 640kmh then how long would it take it to travel 960 km Question Find the surface area of a sphere with raggio 28. Use 3.14 for pi , round your answer to the nearest hundredth if necessary, and do not include units.Karma's age is 2 years less than three eighths of her fathers age. If Karma is 13 years old, how old is her father?The perimeter of a rectangular field is 316 yards. If the width of the field is 73 yards, what is its length?