Solution
How much time will be needed for 21, 000 to grow to 25, 107.98 if deposited at 6 % compounded quarterly?
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
Stacy opened a savings account and deposited 500.00 as principal. The account earns 5% interest, compounded monthly. How much interest will she earn after 4 years?Round your answer to the nearest cent.two times the sum of a number and 9Phil is Tom's father. Phil is 35 years old. Three years ago, Phil was four times as old as his son back then. How old is Tom now?Raymond puts 700.00 into an account to use for school expenses. The account earns 5% interest, compounded monthly. How much will be in the account after 10 years?the sum of the ages of sheena and kimberly is 27. if sheena is 13 years old, how old is kimberly?