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Populaire Word Problems >

You deposit 200 in an account that earns simple interest at an annual rate of 3%.How much money is in the account after 3 years?

Solution

Y o u d e p os i t 200 in an a cco u n t t ha t e a r n s s im pl e in t eres t a t an ann u a l r a t e o f 3%. Ho w m u c h m o n ey i s in t h e a cco u n t a f t er 3 ye a rs ?

Solution

Amount : 218

étapes des solutions

Translate the problem into an equation:

A = 200 (1 + 0.03 \cdot 3)

200 (1 + 0.03 \cdot 3) = 218

Amount : 218

Exemples populaires

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