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Popular Word Problems >

If you invested 3,000 in an account with an interest rate of 6.7% compounded weekly for 3 years, how much interest would you have earned on your money?

Solução

I f yo u in v es t e d 3, 000 in an a cco u n t w i t h an in t eres t r a t e o f 6.7% co m p o u n d e d w ee k l y f or 3 ye a rs, h o w m u c h in t eres t w o u l d yo u ha v e e a r n e d o n yo u r m o n ey ?

Solução

Interest : 667.4

Passos da solução

Translate the problem into an equation:

3667.39979 \dots = 3000 + I

Resolver para

I, 3667.39979 \dots = 3000 + I : I = 667.4

Interest : 667.4

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