Alexandra earned some money doing odd jobs last summer and put it in a savings account that earns 10% interest compounded annually. After 3 years, there is 600.00 in the account. How much did Alexandra earn doing odd jobs?Round your answer to the nearest cent.

Solución

Solución

Principal : 450.79

Pasos de solución

Translate the problem into an equation:

600 = P (1 + \frac{0.1}{1})^{1 \cdot 3}

Resolver para

P, 600 = P (1 + \frac{0.1}{1})^{1 \cdot 3} : P = 450.79

Principal : 450.79

Ejemplos populares

A store pays 95 for a drone. What is the selling price when the markup is 25%?The sum of eight and four times a number is 60. What is the number?14.Find the values for the following: a. An initial 500 compounded for 1 year at 6 percent If twice a number, added to 3 is divided by the number plus 4, the result is five thirds. Find the number.Russell puts 500.00 into an account to use for school expenses. The account earns 9% interest, compounded quarterly. How much will be in the account after 9 years?