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Popolare Word Problems >

Dalton deposited 7,000 in an account earning 10% interest compounded annually.To the nearest cent, how much interest will he earn in 4 years?

Soluzione

D a lt o n d e p os i t e d 7, 000 in an a cco u n t e a r nin g 10% in t eres t 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 4 ye a rs ?

Soluzione

Interest : 3248.7

Fasi della soluzione

Translate the problem into an equation:

10248.7 = 7000 + I

Risolvi per

I, 10248.7 = 7000 + I : I = 3248.7

Interest : 3248.7

Esempi popolari

3 less than twice a number is-9 Gavin invested 350 in an account paying an interest rate of 4.7% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach 890?6 and a number is equal to 2 times the differenza of the number and 8.Juan Garza invested 105, 000 4 years ago at 16 percent, compounded quarterly. How much is the future value If five less than six times a number is forty-three. What is the number?