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Popolare Word Problems >

Dakota deposited 500 in an account earning 10% interest compounded annually.To the nearest cent, how much interest will she earn in 3 years?

Soluzione

D ak o t a d e p os i t e d 500 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 s h e e a r n in 3 ye a rs ?

Soluzione

Interest : 165.5

Fasi della soluzione

Translate the problem into an equation:

665.5 = 500 + I

Risolvi per

I, 665.5 = 500 + I : I = 165.5

Interest : 165.5

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