it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare >

Stacy invested 3400 at 18% to be compounded annually. What will be the value of Stacy's investment in 4 years?

Soluzione

Stacy invested 3400 at 18% to be compounded annually. What will be the value of Stacy's investment in 4 years?

Soluzione

Amount : 6591.84

Fasi della soluzione

Translate the problem into an equation:

A = 3400 (1 + \frac{0.18}{1})^{1 \cdot 4}

3400 (1 + \frac{0.18}{1})^{1 \cdot 4} = 6591.844384

Arrotondare all' hundredth più vicino:

6591.84

Amount : 6591.84

Esempi popolari

Jayla took out a loan from a bank at 5% interest compounded annually. After 3 years, the balance on the loan was 1,000.00. How much interest had accumulated on the loan?the square of five more than a number Three times the sum of a number and 2 equals 8.the sum of two consecutive integers The total area covered by four identical sidewalk squares is 36 square feet. What is the side length of one sidewalk square?