Zeke and Edna deposit 3,389.00 into a savings account which earns 6% interest compounded quarterly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?

Lời Giải

Zeke and Edna deposit 3, 389.00 into a savings account which earns 6% interest compounded quarterly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?

Lời Giải

Amount : 3817.68

Các bước giải pháp

Translate the problem into an equation:

A = 3389 (1 + \frac{0.06}{4})^{4 \cdot 2}

3389 (1 + \frac{0.06}{4})^{4 \cdot 2} = 3817.68337 \dots

Làm tròn đến hundredth gần nhất:

3817.68

Amount : 3817.68

Ví dụ phổ biến

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