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Popolare Word Problems >

7700 dollars is placed in an account with an annual interest rate of 5.75%. How much will be in the account after 24 years, to the nearest cent?

Soluzione

7700 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 5.75%. 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 ?

Soluzione

Amount : 18326

Fasi della soluzione

Translate the problem into an equation:

A = 7700 (1 + 0.0575 \cdot 24)

7700 (1 + 0.0575 \cdot 24) = 18326

Amount : 18326

Esempi popolari

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