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شائع Word Problems >

3600 dollars is placed in an account with annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent

الحلّ

3600 d o ll a rs i s pl a ce d in an a cco u n t w i t h ann u a l in t eres t r a t e o f 9%. Ho w m u c h w i ll b e in t h e a cco u n t a f t er 25 ye a rs, t o t h e n e a res t ce n t

الحلّ

Amount : 11700

خطوات الحلّ

Translate the problem into an equation:

A = 3600 (1 + 0.09 \cdot 25)

3600 (1 + 0.09 \cdot 25) = 11700

Amount : 11700

أمثلة شائعة

Martina deposits 700 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 5 years?The difference between eight times a number and 12 is 36.The sum of three consecutive even integers is 66. Find the three integers.Find three consecutive odd numbers whose sum is 2067.Avery opened a savings account and deposited 800.00 as principal. The account earns 15% interest, compounded monthly. What is the balance after 7 years?