fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Fernando has 1, 608 in an account. The interest rate is 1% compounded annually.To the nearest cent, how much interest will he earn in 5 years?

Solution

F er nan d o ha s 1, 608 in an a cco u n t . T h e in t eres t r a t e i s 1% co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h in t eres t w i ll h e e a r n in 5 ye a rs ?

Solution

Interest : 82.02

étapes des solutions

Translate the problem into an equation:

1690.02416 \dots = 1608 + I

Solutionner pour

I, 1690.02416 \dots = 1608 + I : I = 82.02

Interest : 82.02

Exemples populaires

Find the area of a circle with a circonférence of 50.24 units.Kate has 30, 000 in a savings account that earns 2% interest per year.The interest is not compounded.How much interest will she earn in 5 years?Four times eighteen is equal to half of the next number increased by three.Josiah and Rosanne deposit 4,000.00 into a savings account which earns 5% interest compounded quarterly. They want to use the money in the account to go on a trip in 3 years. How much will they be able to spend?the store sold 25% of its books over the holidays and now has 600 books in stock. how may books did the store have before the holidays