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Popular Word Problems >

6700 dollars is placed in an account with an annual interest rate of 8%. How much will be in the account after 24 years, to the nearest cent

Solução

6700 d o ll a rs i s pl a ce d in an a cco u n t w i t h an ann u a l in t eres t r a t e o f 8%. Ho w m u c h w i ll b e in t h e a cco u n t a f t er 24 ye a rs, t o t h e n e a res t ce n t

Solução

Amount : 19564

Passos da solução

Translate the problem into an equation:

A = 6700 (1 + 0.08 \cdot 24)

6700 (1 + 0.08 \cdot 24) = 19564

Amount : 19564

Exemplos populares

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