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Beliebt Word Problems >

rebecca and chris borrowed 2000 at an interest rate of 7% for a period of 3 years. What was the interest?

Lösung

re b ecc a an d c h r i s b orro w e d 2000 a t an in t eres t r a t e o f 7% f or a p er i o d o f 3 ye a rs . Wha t w a s t h e in t eres t ?

Lösung

Interest : 420

Schritte zur Lösung

Translate the problem into an equation:

I = 2000 \cdot 0.07 \cdot 3

Vereinfache

I = 2000 \cdot 0.07 \cdot 3

Interest : 420

Beliebte Beispiele

Calculate the accumulated value of a 7-year continuous annuity of 1000 per year.The annual effective interest rate is 10%.Sam deposited 3500 into the bank. The account earns 2% interest compounded annually. What is his balance at the end of 8 years?How much money will there be in an account at the end of 5 years if 8000 dollars is deposited at 4% interest compounded semi-annually A principal of 3300 is invested at 7.25% interest, compounded annually. How much will the investment be worth after 7 years?Lola has 70 in an account that earns 10% interest compounded annually.To the nearest cent, how much interest will she earn in 1 year?