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Beliebt Word Problems >

You invested 6500 in a savings account once you graduate high school. The account earns 4.5% annual interest. How much money will be in the account after 6 years?

Lösung

Y o u in v es t e d 6500 in a s a v in g s a cco u n t o n ce yo u g r a d u a t e hi g h sc h oo l . T h e a cco u n t e a r n s 4.5% ann u a l in t eres t . Ho w m u c h m o n ey w i ll b e in t h e a cco u n t a f t er 6 ye a rs ?

Lösung

Amount : 8255

Schritte zur Lösung

Translate the problem into an equation:

A = 6500 (1 + 0.045 \cdot 6)

6500 (1 + 0.045 \cdot 6) = 8255

Amount : 8255

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