ru

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Популярное Word Problems >

Dana opened a savings account and deposited 800.00 as principal. The account earns 7% interest, compounded quarterly. What is the balance after 4 years?

Решение

D ana o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 800.00 a s p r in c i p a l . T h e a cco u n t e a r n s 7% in t eres t, co m p o u n d e d q u a r t er l y . Wha t i s t h e ba l an ce a f t er 4 ye a rs ?

Решение

Amount : 1055.94

Шаги решения

Translate the problem into an equation:

A = 800 (1 + \frac{0.07}{4})^{4 \cdot 4}

800 (1 + \frac{0.07}{4})^{4 \cdot 4} = 1055.94348 \dots

Округлите до ближайшего hundredth:

1055.94

Amount : 1055.94

Популярные примеры

The окружность of a circle is 138.16 millimeters. What is the circle's diameter?If a sphere has volume 7776pi cubic kilometers, what is its радиус?Given the formula A = Pe^{rt}, find the amount of money accumulated if you invested 85,000 at 7.3% interest for 10 years compounded continuously Find the радиус of the sphere if the volume is 24pi Four consecutive even integers sum to 20. What is the value of the least integer?