Solution

Solution

Solution steps
Translate the problem into an equation:

Popular Examples

Tammy borrowed 21,000 for 5½ years at an annual simple interest rate of 7.5% to pay for college. What is the total amount she will repay the loan?You deposit 1300 in a savings account. The account earns 4.5% simple interest per year. What is the balance after 3 years?Brooke has 7 in an account that earns 10% interest compounded annually.To the nearest cent, how much will she have in 2 years?Find the amount of money in an account after 11 years if 2900 is deposited at 6% annual interest compounded monthly.find the amont of money in an account after 9 years if 4600is deposited at 5 percent annual interest compounded monthly