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Populaire Word Problems >

If I have \$200, and my savings bond pays 4% interest, how much interest will I earn after 7 years?

Solution

I f I ha v e $200, an d m y s a v in g s b o n d p a ys 4% in t eres t, h o w m u c h in t eres t w i ll I e a r n a f t er 7 ye a rs ?

Solution

Interest : 56

étapes des solutions

Translate the problem into an equation:

I = 200 \cdot 0.04 \cdot 7

Simplifier

I = 200 \cdot 0.04 \cdot 7

Interest : 56

Exemples populaires

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