en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

If Matilda purchases the painting for 10000 dollars and assumes a growth rate of 5% pa calculate the value of the investment after 2 year

Solution

I f M a t i l d a p u rc ha ses t h e p ain t in g f or 10000 d o ll a rs an d a ss u m es a g ro wt h r a t e o f 5% p a c a l c u l a t e t h e v a l u e o f t h e in v es t m e n t a f t er 2 ye a r

Solution

Amount : 11000

Solution steps

Translate the problem into an equation:

A = 10000 (1 + 0.05 \cdot 2)

10000 (1 + 0.05 \cdot 2) = 11000

Amount : 11000

Popular Examples

A man is 28 years older than his son . After 10 years , he will be twice the age of his son . Find the age of the man one more than 3 times a number is the same as 5 times the number decreased by 15 2 is equal to the sum of four times the number and 21 into an equation The sum of two consecutive integers is 35.Find the two integers Carlos is 25 years younger than his father now. If his father is 34 years old how old is Carlos 5 years ago