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Popular Word Problems >

Kate has 90, 000 in a savings account that earns 9% interest per year.The interest is not compounded.How much interest will she earn in 3 years?

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Solution

Katehas90,000inasavingsaccountthatearns9%interestperyear.Theinterestisnotcompounded.Howmuchinterestwillsheearnin3years?

Solution

Interest:24300
Solution steps
Translate the problem into an equation:I=90000⋅0.09⋅3
Simplify I=90000⋅0.09⋅3
Interest:24300

Popular Examples

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