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Populaire Word Problems >

5 years ago, Tiana won some money in the lottery and put it in a bank account that earns 2% interest compounded monthly. If Tiana currently has 200.00 in the bank account, how much interest has she earned?

Solution

5 ye a rs a g o, T iana w o n so m e m o n ey in t h e l o tt ery an d p u t i t in a bank a cco u n t t ha t e a r n s 2% in t eres t co m p o u n d e d m o n t h l y . I f T iana c u rre n tl y ha s 200.00 in t h e bank a cco u n t, h o w m u c h in t eres t ha s s h e e a r n e d ?

Solution

Interest : 19.02

étapes des solutions

Translate the problem into an equation:

200 = 180.98254 \dots + I

Solutionner pour

I, 200 = 180.98254 \dots + I : I = 19.02

Interest : 19.02

Exemples populaires

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