Matthew opened a savings account and deposited 200.00. The account earns 15% interest, compounded annually. If he wants to use the money to buy a new bicycle in 3 years, how much will he be able to spend on the bike?

해법

해법

Amount : 304.175

솔루션 단계

Translate the problem into an equation:

A = 200 (1 + \frac{0.15}{1})^{1 \cdot 3}

200 (1 + \frac{0.15}{1})^{1 \cdot 3} = 304.175

Amount : 304.175

인기 있는 예

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