ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

Joel invests 25,000 with an interest rate of 3.5% compounded quarterly. After 9 years, what is the total amount Joel's investment?

الحلّ

J oe l in v es t s 25, 000 w i t h an in t eres t r a t e o f 3.5% co m p o u n d e d q u a r t er l y . A f t er 9 ye a rs, w ha t i s t h e t o t a l am o u n t J oe l^{'} s in v es t m e n t ?

الحلّ

Amount : 34209.58

خطوات الحلّ

Translate the problem into an equation:

A = 25000 (1 + \frac{0.035}{4})^{4 \cdot 9}

25000 (1 + \frac{0.035}{4})^{4 \cdot 9} = 34209.57879 \dots

Round to the nearest hundredth:

34209.58

Amount : 34209.58

أمثلة شائعة

If 4 less than 3 times a certain number is 2 more than the number, what is the number?Find the time required for an investment of 5000 dollars to grow to 7200 dollars at an interest rate of 8.8 percent per year, compounded monthly.The circumference of a circle is 10𝜋 feet. What is the area?If Paige rides for 6 hours on a bicycle, what is her rate if she rides 54 miles?Marian invests 2,874.65 in a savings account with a fixed annual interest rate of 1.88 % compounded continuously. What will the account balance be after 2 years?