Solution
Solution
Solution steps
Translate the problem into an equation
Solve the equation
Popular Examples
You deposit 26.00 in an account earning 6% interest compounded monthly. How much will you have in the account in 160 years?Find the time required for an investment of 16 000 to grow to 21 000 at an annual interest rate of 6% if the interest is compounded quarterly.How many lamps will fail between 950 and 1000 hours?Calculate the amount of simple interest on 5000 for 6 years at 8% interest.You deposit 4000 in an account earning 8% interest compounded continuously. How much will you have in the account in 10 years?