Solution
Solution
Solution steps
Translate the problem into an equation
Solve the equation
Popular Examples
Edgar has 30 in an account that earns 5% interest compounded annually.To the nearest cent, how much interest will he earn in 2 years?Noah is going to invest in an account paying an interest rate of 7% compounded continuously. How much would Noah need to invest, to the nearest hundred dollars, for the value of the account to reach 12,900 in 10 years?Eight times the sum of a number and 6 equals 2Twice the sum of a number and 5.Rob has 5,000 in an account that earns 2% interest compounded annually.To the nearest cent, how much will he have in 5 years?