Belvedere opens a savings account with 48 that earns 9.1% interest per year, not compounded. How much money, to the nearest penny, will Belvedere have in 1 year?

Solución

Solución

Principal : 44

Pasos de solución

Translate the problem into an equation:

48 = P (1 + 0.091 \cdot 1)

Resolver para

P, 48 = P (1 + 0.091 \cdot 1) : P = 44

Principal : 44

Ejemplos populares

Dianne is 23 years older than her daughter Amy. In 6 years, Dianne will be twice as old as AMy. How old is Diane?Jayden opened a savings account and deposited 100.00 as principal. The account earns 15% interest, compounded annually. What is the balance after 5 years?seven more than six times a number is negative forty-seven.The sum of two consecutive numbers is 72 . What are the numbers?A train travels 296 miles in 3.5 hours at a constant rate of speed. How far can it travel in 6 hours at the same speed?