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Populaire Word Problems >

Simpson deposits 1,200 in a savings account that earns simple interest at the rate of 5% per year. What interest does he earn at the end of 1 year?

Solution

S im p so n d e p os i t s 1, 200 in a s a v in g s a cco u n t t ha t e a r n s s im pl e in t eres t a t t h e r a t e o f 5% p er ye a r . Wha t in t eres t d oes h e e a r n a t t h e e n d o f 1 ye a r ?

Solution

Interest : 60

étapes des solutions

Translate the problem into an equation:

I = 1200 \cdot 0.05 \cdot 1

Simplifier

I = 1200 \cdot 0.05 \cdot 1

Interest : 60

Exemples populaires

The sum of 6 consecutive even numbers is 393 .1 less than the product of 5 and a number.four times the sum of a number and 15 is greater than or equal to-20 what number is 3% of 148 The sum of three consecutive integers is 120. find the numbers.