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Populaire Word Problems >

Find the final amount when 29500 is invested at 9% simple interest for 3 years

Solution

F in d t h e f ina l am o u n t w h e n 29500 i s in v es t e d a t 9% s im pl e in t eres t f or 3 ye a rs

Solution

Amount : 37465

étapes des solutions

Translate the problem into an equation:

A = 29500 (1 + 0.09 \cdot 3)

29500 (1 + 0.09 \cdot 3) = 37465

Amount : 37465

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