de

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Beliebt Word Problems >

How much money will there be in an account at the end of 4 years if 9000 is deposited at 4% interest compounded quarterly?

Lösung

Ho w m u c h m o n ey w i ll t h ere b e in an a cco u n t a t t h e e n d o f 4 ye a rs i f ​9000 i s d e p os i t e d a t 4​% in t eres t co m p o u n d e d q u a r t er l y ?

Lösung

Amount : 10553.21

Schritte zur Lösung

Translate the problem into an equation:

A = 9000 (1 + \frac{0.04}{4})^{4 \cdot 4}

9000 (1 + \frac{0.04}{4})^{4 \cdot 4} = 10553.20780 \dots

Round to the nearest hundredth:

10553.21

Amount : 10553.21

Beliebte Beispiele

seven times a number After a 30% discount a pair of shoes cost 84. What was the price before the discount? Leave out the symbol in your answer Find the future value.3169 invested for 4 years at 3% compounded annually How long does it take a population of 4500 to double at a rate of 3.22%the half of the sum of two odd consecutive numbers