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인기 있는 Word Problems >

If 2,000 is invested at 11% annual interest compounded quarterly, what is the account balance after 10 years, assuming no additional deposits or withdrawals are made?

해법

I f 2, 000 i s in v es t e d a t 11% ann u a l in t eres t co m p o u n d e d q u a r t er l y, w ha t i s t h e a cco u n t ba l an ce a f t er 10 ye a rs, a ss u min g n o a dd i t i o na l d e p os i t s or w i t h d r a w a l s a re ma d e ?

해법

Amount : 5919.75

솔루션 단계

Translate the problem into an equation:

A = 2000 (1 + \frac{0.11}{4})^{4 \cdot 10}

2000 (1 + \frac{0.11}{4})^{4 \cdot 10} = 5919.74797 \dots

가장 가까운 hundredth 으로 반올림:

5919.75

Amount : 5919.75

인기 있는 예

Find the simple interest when 100 is invested at 9% for 2 years Nathaniel is going to invest in an account paying an interest rate of 3.1% compounded quarterly. How much would Nathaniel need to invest, to the nearest ten dollars, for the value of the account to reach 5,700 in 17 years?solve the quotient of a number and-1.5 is 21 The diameter of a circle is 9 in. Find the 원둘레 to the nearest tenth the sum of three consecutive numbers is 39. Find the value of the smallest number