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Popular Word Problems >

winston deposited 3,294 in his bank account with interest are 2.6%. How much interest was earned in five years?

Solution

w in s t o n d e p os i t e d 3, 294 in hi s bank a cco u n t w i t h in t eres t a re 2.6%. Ho w m u c h in t eres t w a s e a r n e d in f i v e ye a rs ?

Solution

Interest : 428.22

Solution steps

Translate the problem into an equation:

I = 3294 \cdot 0.026 \cdot 5

Simplify

I = 3294 \cdot 0.026 \cdot 5

Interest : 428.22

Popular Examples

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