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Popular Word Problems >

if man deposits 6000 in a bank account which pays 5 percent in a year. find the value of his deposit after 4 years

Solución

i f man d e p os i t s 6000 in a bank a cco u n t w hi c h p a ys 5 p erce n t in a ye a r . f in d t h e v a l u e o f hi s d e p os i t a f t er 4 ye a rs

Solución

Amount : 7200

Pasos de solución

Translate the problem into an equation:

A = 6000 (1 + 0.05 \cdot 4)

6000 (1 + 0.05 \cdot 4) = 7200

Amount : 7200

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