Solución
Kyle opened a savings account and deposited 2, 000.00 as principal. The account earns 10% interest, compounded monthly. What is the balance after 6 years?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
Tessa opened a savings account and deposited 275.00. The account earns 11% interest, compounded annually. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?Kevin is 12 years older than Fred. Fred is 1/3 as old as Kevin.Millie is four times as old as Marty. The sum of their ages is 6 years. Find how old the people are.decrease 72 by 65% whats the new amount?Find the amount in a savings account if 5200 was invested for 5 years at a 4.2% interest rate compounded monthly.