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Popular Word Problems >

Upper A 7000 deposit in an account with an APR of 5%. What is in the account after 20 year?

Solution

U pp er A ​7000 d e p os i t in an a cco u n t w i t h an A PR o f 5​%. Wha t i s in t h e a cco u n t a f t er 20 ye a r ?

Solution

Amount : 14000

Solution steps

Translate the problem into an equation:

A = 7000 (1 + 0.05 \cdot 20)

7000 (1 + 0.05 \cdot 20) = 14000

Amount : 14000

Popular Examples

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