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Popular Word Problems >

If you put 603 in a savings account that pays 9% for one year, what is the amount of money you will have at the end of the year?

Solution

I f yo u p u t 603 in a s a v in g s a cco u n t t ha t p a ys 9% f or o n e ye a r, w ha t i s t h e am o u n t o f m o n ey yo u w i ll ha v e a t t h e e n d o f t h e ye a r ?

Solution

Amount : 657.27

Solution steps

Translate the problem into an equation:

A = 603 (1 + 0.09 \cdot 1)

603 (1 + 0.09 \cdot 1) = 657.27

Amount : 657.27

Popular Examples

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