ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

Eric opened a savings account and deposited 100.00 as principal. The account earns 10% interest, compounded quarterly. What is the balance after 5 years?

الحلّ

E r i c 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 100.00 a s p r in c i p a l . T h e a cco u n t e a r n s 10% 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 5 ye a rs ?

الحلّ

Amount : 163.86

خطوات الحلّ

Translate the problem into an equation:

A = 100 (1 + \frac{0.1}{4})^{4 \cdot 5}

100 (1 + \frac{0.1}{4})^{4 \cdot 5} = 163.86164 \dots

Round to the nearest hundredth:

163.86

Amount : 163.86

أمثلة شائعة

Angela deposits 1000 into an account with an APR of 3.3% for 11 years. Find the future value of the account if interest is compounded weekly. Round your answer to two decimal places.real number sqrt(1/9)Madelyn opened a savings account and deposited 1,000.00. The account earns 6% interest, compounded quarterly. If she wants to use the money to buy a new bicycle in 2 years, how much will she be able to spend on the bike?What is the volume of a sphere with a diameter of 3.6 ft, rounded to the nearest tenth of a cubic foot?3600 dollars is placed in a account with a annual interest rate of 9%. how much will be in the account after 25 years