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Populaire Word Problems >

Kate has 20,000 in a savings account that earns 6% interest per year.The interest is not compounded.How much interest will she earn in 1 year?

Solution

K a t e ha s 20, 000 in a s a v in g s a cco u n t t ha t e a r n s 6% in t eres t p er ye a r . T h e in t eres t i s n o t co m p o u n d e d . Ho w m u c h in t eres t w i ll s h e e a r n in 1 ye a r ?

Solution

Interest : 1200

étapes des solutions

Translate the problem into an equation:

I = 20000 \cdot 0.06 \cdot 1

Simplifier

I = 20000 \cdot 0.06 \cdot 1

Interest : 1200

Exemples populaires

If 15 is added to 4 times a number, the result is 171. Find the number.Suppose that when your friend was born, your friend's parents deposited 4000 in an account paying 4.5% interest compounded quarterly. What will the account balance be after 19 years?The diameter of a circle is 7 ft. Find its circonférence in terms of pi pi thrice the number decreased by four the sum of two numbers is 24 and their différence is 2. what are the numbers?