Solution
Solution
Solution steps
Translate the problem into an equation
Solve the equation
Popular Examples
Suppose 30,000 is deposited into an account paying 3.5% interest, compounded annually. How much money is in the account after ten years if no withdrawals or additional deposits are made?Zack and Amy deposit 500.00 into a savings account which earns 10% interest compounded continuously. They want to use the money in the account to go on a trip in 1 year. How much will they be able to spend?a telephone cost 250. the sales tax is 7.5%. how much does it cost after taxthe product of 2 and a numberTyler sold his car for 35 600. He invested this amount at 7.2% pa with interest compounded annually. What is the value of his investment in 15 years?