Solución
Brett has 10 in an account. The interest rate is 5% compounded annually.To the nearest cent, how much will he have in 1 year?
Solución
Pasos de solución
Translate the problem into an equation:
Ejemplos populares
A person invests 8500 dollars in a bank. The bank pays 4.25% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 12100 dollars?Amelia opened a savings account and deposited 500.00 as principal. The account earns 12% interest, compounded annually. What is the balance after 4 years?Two numbers have a sum of 13 and a difference of 5:What are these two numbers?This year the number of dog grooming appointments at the local pet store was 725. Each year the number of appointments increases by 3%.The radius of a circle is 3.8 m. Find the circunferencia to the nearest tenth