Solution

Solution

Solution steps
Translate the problem into an equation
Solve the equation

Popular Examples

​21000 is invested for 5 years with an APR of 3​% and daily compounding. what would the balance in the account after 5 years.The quotient of 30 and a number is decreased by 2.Emmett puts 600.00 into an account to use for school expenses. The account earns 15% interest, compounded continuously. How much will be in the account after 10 years?An investment company pays 9​% compounded semiannually. You want to have 14,000 in the future. How much should you deposit now to have that amount 5 years from​ now?Kaelee wants her money to work for her, so she invests \$1,000 into an account compounded quarterly at a rate of 4%. How long would it take for her to earn \$500?