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Phổ biến Word Problems >

Owen invests money in an account paying a simple interest of 5.6% per year. If he invests 110 and no money will be added or removed from the investment, how much will he have in one year, in dollars and cents?

Lời Giải

Ow e n in v es t s m o n ey in an a cco u n t p a y in g a s im pl e in t eres t o f 5.6% p er ye a r . I f h e in v es t s 110 an d n o m o n ey w i ll b e a dd e d or re m o v e d f ro m t h e in v es t m e n t, h o w m u c h w i ll h e ha v e in o n e ye a r, in d o ll a rs an d ce n t s ?

Lời Giải

Amount : 116.16

Các bước giải pháp

Translate the problem into an equation:

A = 110 (1 + 0.056 \cdot 1)

110 (1 + 0.056 \cdot 1) = 116.16

Amount : 116.16

Ví dụ phổ biến

What is the probability of getting an ace card from a standard deck?the sum of two numbers is 12. one of the numbers is 20 more than the other number. let x and y be the two numbers with y being the larger of the two numbers. write and solve a system using phương pháp thế Kyle and Belle deposit 600.00 into a savings account which earns 12% interest compounded annually. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?Christina opened a savings account and deposited 5,000.00 as principal. The account earns 15% interest, compounded quarterly. What is the balance after 10 years?A principal of 2600 is invested at 6% interest, compounded annually. How much will the investment be worth after 14 years?