Solución
Logan opened a savings account and deposited 201.00. The account earns 7% interest, compounded quarterly. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
Identify whether 96 is abundant, deficient, or perfect number.Find the rate at which 9, 600 compounded annually grows to 12, 696 in 2 years.7 decreased by 4 times a number8000 for 4 years at 6.5% compounded monthly. what is the total amount accumulated after 4 years?Colin opened a savings account and deposited 600.00 as principal. The account earns 8% interest, compounded quarterly. How much interest will he earn after 4 years?