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Phổ biến Word Problems >

6,700 dollars is placed in a savings account with an annual interest rate of 6%. If no money is added or removed from the account, which equation represents how much will be in the account after 7 years?

Lời Giải

6, 700 d o ll a rs i s pl a ce d in a s a v in g s a cco u n t w i t h an ann u a l in t eres t r a t e o f 6%. I f n o m o n ey i s a dd e d or re m o v e d f ro m t h e a cco u n t, w hi c h e q u a t i o n re p rese n t s h o w m u c h w i ll b e in t h e a cco u n t a f t er 7 ye a rs ?

Lời Giải

Amount : 9514

Các bước giải pháp

Translate the problem into an equation:

A = 6700 (1 + 0.06 \cdot 7)

6700 (1 + 0.06 \cdot 7) = 9514

Amount : 9514

Ví dụ phổ biến

Erin goes off on a long bike ride, averaging 10 km /h . One hour later her brother Alistair starts chasing after her at 16 km / h . How long will it take Alistair to catch up to Erin?seven less than the product of 2 and a number is 4 Dale opened a savings account and deposited 600.00. The account earns 2% interest, compounded monthly. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?Jeanette opened a savings account and deposited 700.00. The account earns 14% interest, compounded annually. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?b.) Find the simple interest earned with sh 4000000 for 2 year at 5% per