en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Bernie has 90 in a savings account.The interest rate is 10% per year and is not compounded.How much interest will he earn in 2 years?

Solution

B er ni e ha s 90 in a s a v in g s a cco u n t . T h e in t eres t r a t e i s 10% p er ye a r an d i s n o t co m p o u n d e d . Ho w m u c h in t eres t w i ll h e e a r n in 2 ye a rs ?

Solution

Interest : 18

Solution steps

Translate the problem into an equation:

I = 90 \cdot 0.1 \cdot 2

Simplify

I = 90 \cdot 0.1 \cdot 2

Interest : 18

Popular Examples

Marshall opened a savings account 3 years ago. The account earns 2% interest, compounded quarterly. If the current balance is 300.00, how much did he deposit initially?John has 2 apples. both apples were for 10 dollars. how much price is an apple The sum of 17 and two more than twice a number is 41. Find the number.The radius of a circle is 3.8 cm. Find the circumference to the nearest tenth.Britney opened a savings account and deposited 300.00 as principal. The account earns 11% interest, compounded monthly. What is the balance after 8 years?