en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Linda deposited 200 in an account earning 5% interest compounded annually.To the nearest cent, how much will she have in 2 years?

Solution

L in d a d e p os i t e d 200 in an a cco u n t e a r nin g 5% in t eres t co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll s h e ha v e in 2 ye a rs ?

Solution

Amount : 220.5

Solution steps

Translate the problem into an equation:

A = 200 (1 + \frac{0.05}{1})^{1 \cdot 2}

200 (1 + \frac{0.05}{1})^{1 \cdot 2} = 220.5

Amount : 220.5

Popular Examples

if the area of a rectangle is 36cm2 and the length is 4cm .then find the width The sum of two numbers is 2022 . Twice the larger number plus three times the smaller number is 1999 . Find the numbers.the sum of two times a number and 6 is 7 Two times a number plus three times another number equals 13. The sum of the two numbers is 7. What are the numbers?A triangle has a base of 16 meters and a height of 17.6 meters. What is the area?