Emir and Vivian deposit 757.00 into a savings account which earns 5% interest compounded quarterly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?

Lời Giải

Lời Giải

Amount : 836.1

Các bước giải pháp

Translate the problem into an equation:

A = 757 (1 + \frac{0.05}{4})^{4 \cdot 2}

757 (1 + \frac{0.05}{4})^{4 \cdot 2} = 836.09597 \dots

Làm tròn đến hundredth gần nhất:

836.1

Amount : 836.1

Ví dụ phổ biến

The sum of two consecutive even integers is 50 Christopher took out a loan for \25, 690 to purchase a truck. With an annual interest rate of 5.2%, how much would he have paid after 5 years if the interest was compounded weekly?The perimeter of a square barn is 160 meters. How long is each side of the barn?If you bought a stock last year for a price of 138, and it has risen 4% since then, how much is the stock worth now, to the nearest cent?seven increased by a number is eleven