Percy and Amanda deposit 6,150.00 into a savings account which earns 4% interest compounded quarterly. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?

Lời Giải

Percy and Amanda deposit 6, 150.00 into a savings account which earns 4% interest compounded quarterly. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?

Lời Giải

Amount : 6929.97

Các bước giải pháp

Translate the problem into an equation:

A = 6150 (1 + \frac{0.04}{4})^{4 \cdot 3}

6150 (1 + \frac{0.04}{4})^{4 \cdot 3} = 6929.97393 \dots

Làm tròn đến hundredth gần nhất:

6929.97

Amount : 6929.97

Ví dụ phổ biến

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