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Popolare Word Problems >

If you put 603 in a savings account that pays 9% for one year, what is the amount of money you will have at the end of the year?

Soluzione

I f yo u p u t 603 in a s a v in g s a cco u n t t ha t p a ys 9% f or o n e ye a r, w ha t i s t h e am o u n t o f m o n ey yo u w i ll ha v e a t t h e e n d o f t h e ye a r ?

Soluzione

Amount : 657.27

Fasi della soluzione

Translate the problem into an equation:

A = 603 (1 + 0.09 \cdot 1)

603 (1 + 0.09 \cdot 1) = 657.27

Amount : 657.27

Esempi popolari

Six times the sum of a number and eleven is-24. What is the number?2.5% of what number is 2.21 the sum of 13 and twice a number Felix opened a savings account and deposited 300.00 as principal. The account earns 2% interest, compounded monthly. How much interest will he earn after 6 years?Round your answer to the nearest cent.State the consecutive whole numbers that the root lies between sqrt(5)