fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

A person invests 2000 dollars, which increases in value by 7% per year for three years.Calculate the value of the investment after three years.

Solution

A p erso n in v es t s 2000 d o ll a rs, w hi c h in cre a ses in v a l u e b y 7% p er ye a r f or t h ree ye a rs . C a l c u l a t e t h e v a l u e o f t h e in v es t m e n t a f t er t h ree ye a rs .

Solution

Amount : 2420

étapes des solutions

Translate the problem into an equation:

A = 2000 (1 + 0.07 \cdot 3)

2000 (1 + 0.07 \cdot 3) = 2420

Amount : 2420

Exemples populaires

Stanley opened a savings account and deposited 7,000.00 as principal. The account earns 7% interest, compounded quarterly. How much interest will he earn after 5 years?The sum of 4 consecutive odd numbers is 56 . Find the greatest of the 4 numbers.The sum of two consecutive numbers is-77. Find the value of the smaller number.2 is equal to the sum of four times the number and 21.number increased by 28 is 104.:What is the number?:?