Mia is saving up money to buy a car. Mia puts 6,000.00 into an account which earns 6% interest, compounded quarterly. How much will she have in the account after 8 years?

פתרון

Mia is saving up money to buy a car. Mia puts 6, 000.00 into an account which earns 6% interest, compounded quarterly. How much will she have in the account after 8 years?

פתרון

Amount : 9661.95

צעדי פתרון

Translate the problem into an equation:

A = 6000 (1 + \frac{0.06}{4})^{4 \cdot 8}

6000 (1 + \frac{0.06}{4})^{4 \cdot 8} = 9661.94592 \dots

Round to the nearest hundredth:

9661.95

Amount : 9661.95

דוגמאות פופולריות

The diameter of a circle is 12 kilometers. What is the circle's area?six more than twice a number is 16 Translate the sentence into an equation.:Twice the difference of a number and 3 equals 2.Leslie puts 3,000.00 into an account to use for school expenses. The account earns 13% interest, compounded annually. How much will be in the account after 5 years?Each face of a 4-sided die is triangular with a base of 2cm and a height of 1.7cm. Find the total area of all 4 faces of the die.