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Beliebt Word Problems >

Jason opened a savings account and deposited 600.00 as principal. The account earns 15% interest, compounded annually. How much interest will he earn after 9 years?

Lösung

J a so n o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 600.00 a s p r in c i p a l . T h e a cco u n t e a r n s 15% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h in t eres t w i ll h e e a r n a f t er 9 ye a rs ?

Lösung

Interest : 1510.73

Schritte zur Lösung

Translate the problem into an equation:

2110.72577 \dots = 600 + I

Löse nach

I, 2110.72577 \dots = 600 + I : I = 1510.73

Interest : 1510.73

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