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Popular Word Problems >

Bernie has 90 in a savings account.The interest rate is 10% per year and is not compounded.How much interest will he earn in 2 years?

Solução

B er ni e ha s 90 in a s a v in g s a cco u n t . T h e in t eres t r a t e i s 10% p er ye a r an d 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 h e e a r n in 2 ye a rs ?

Solução

Interest : 18

Passos da solução

Translate the problem into an equation:

I = 90 \cdot 0.1 \cdot 2

Simplificar

I = 90 \cdot 0.1 \cdot 2

Interest : 18

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