en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

if greg invested $500 for 5 years, compounded annually, at a rate of 6%, how much intrest would he earn on his investment

Solution

Solution

Interest : 169.11

Solution steps

Translate the problem into an equation:

669.11278 \dots = 500 + I

Solve for

I, 669.11278 \dots = 500 + I : I = 169.11

Interest : 169.11

Popular Examples

Lauren's age is half of Joe's age. Emma is four years older than Joe. The sum of Lauren, Emma, and Joe's age is 54. How old is bob?The second of two numbers is 7 times the first. Their sum is 72. Find the numbers two sevenths of a number is negative eight what is the number kevin is 6 years older than timothy. 4 years ago, Kevin was twice as old as timothy. Find their present ages Austin is 7 years younger than Clarissa and Austin is 2 years younger than Shaira. If the sum of their ages is 30, find each person's age.