Xavier opened a savings account and deposited 200.00. The account earns 10% interest, compounded annually. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?

Lời Giải

Lời Giải

Amount : 242

Các bước giải pháp

Translate the problem into an equation:

A = 200 (1 + \frac{0.1}{1})^{1 \cdot 2}

200 (1 + \frac{0.1}{1})^{1 \cdot 2} = 242

Amount : 242

Ví dụ phổ biến

The product of the two consecutive positive integers is 11 more than their sum. What are the numbers? Write the numbers from least to greatest.Josh has 215 in an account. The interest rate is 14% compounded annually.To the nearest cent, how much will he have in 3 years?the hiệu between a number and 11 an amount of \$1,000 is deposited into a bank account that pays 4% interest compounded once a year. if there are no other withdrawals or deposits, what will be the balance of the account after 3 years Find two consecutive whole numbers that lies between sqrt(18)