Solución
Sam deposited 3500 into the bank. The account earns 2% interest compounded annually. What is his balance at the end of 8 years?
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
How much money will there be in an account at the end of 5 years if 8000 dollars is deposited at 4% interest compounded semi-annuallyA principal of 3300 is invested at 7.25% interest, compounded annually. How much will the investment be worth after 7 years?Lola has 70 in an account that earns 10% interest compounded annually.To the nearest cent, how much interest will she earn in 1 year?What is the interest of 0.93 dollars if invested at 2.25 percent compounded annually in 1000 years?Five less than three times a number is 40. Find the number.