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Popular Word Problems >

if my savings account has 30000, and increases by 4% each year, how much money will i have in 100 years?

Solução

i f m y s a v in g s a cco u n t ha s 30000, an d in cre a ses b y 4% e a c h ye a r, h o w m u c h m o n ey w i ll i ha v e in 100 ye a rs ?

Solução

Principal : 6000

Passos da solução

Translate the problem into an equation:

30000 = P (1 + 0.04 \cdot 100)

Resolver para

P, 30000 = P (1 + 0.04 \cdot 100) : P = 6000

Principal : 6000

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