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شائع Word Problems >

You deposit 1300 in a savings account. The account earns 4.5% simple interest per year. What is the balance after 3 years?

الحلّ

Y o u d e p os i t 1300 in a s a v in g s a cco u n t . T h e a cco u n t e a r n s 4.5% s im pl e in t eres t p er ye a r . Wha t i s t h e ba l an ce a f t er 3 ye a rs ?

الحلّ

Amount : 1475.5

خطوات الحلّ

Translate the problem into an equation:

A = 1300 (1 + 0.045 \cdot 3)

1300 (1 + 0.045 \cdot 3) = 1475.5

Amount : 1475.5

أمثلة شائعة

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 an account is opened with an initial deposit of 6500 and earn 3.6% interest compounded semi-annually. what will the account be worth in 20 years?If 240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 years?