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Popular Word Problems >

if you invest 2600 at 3% interest per year how much will you have all together after 5 years

Solution

i f yo u in v es t 2600 a t 3% in t eres t p er ye a r h o w m u c h w i ll yo u ha v e a ll t o g e t h er a f t er 5 ye a rs

Solution

Amount : 2990

Solution steps

Translate the problem into an equation:

A = 2600 (1 + 0.03 \cdot 5)

2600 (1 + 0.03 \cdot 5) = 2990

Amount : 2990

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