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Popolare Word Problems >

sophie put 200 in a savings account. The account had an 8 percent simple annual interest rate. How much money was in her account after one year

Soluzione

so p hi e p u t 200 in a s a v in g s a cco u n t . T h e a cco u n t ha d an 8 p erce n t s im pl e ann u a l in t eres t r a t e . Ho w m u c h m o n ey w a s in h er a cco u n t a f t er o n e ye a r

Soluzione

Amount : 216

Fasi della soluzione

Translate the problem into an equation:

A = 200 (1 + 0.08 \cdot 1)

200 (1 + 0.08 \cdot 1) = 216

Amount : 216

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