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Popolare Word Problems >

Juan deposits \$700 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 4 years?

Soluzione

J u an d e p os i t s $700 in t o an a cco u n t t ha t p a ys s im pl e in t eres t a t a r a t e o f 6% p er ye a r . Ho w m u c h in t eres t w i ll h e b e p ai d in t h e f i rs t 4 ye a rs ?

Soluzione

Interest : 168

Fasi della soluzione

Translate the problem into an equation:

I = 700 \cdot 0.06 \cdot 4

Semplificare

I = 700 \cdot 0.06 \cdot 4

Interest : 168

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