fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire >

Find the final amount of money in an account if \$500 is deposited at 7.5 %interest compounded quarterly and the money is left for 8 years.

Solution

Find the final amount of money in an account if $500 is deposited at 7.5 %interest compounded quarterly and the money is left for 8 years.

Solution

Amount : 906.01

étapes des solutions

Translate the problem into an equation:

A = 500 (1 + \frac{0.075}{4})^{4 \cdot 8}

500 (1 + \frac{0.075}{4})^{4 \cdot 8} = 906.01189 \dots

Arrondir à hundredth la plus proche:

906.01

Amount : 906.01

Exemples populaires

The quotient of 8 and the cube of a number.The product of 3 and 4 less than a number is-4.The circonférence of a circle is 17pi ft. What is the area, in square feet? Express your answer in terms of pipi.amy is 7 years older than beth. the product of their ages is 800. what is their combinerd age If a circle has a circonférence of 14pi, what is its exact radius?