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Popolare Word Problems >

Ngoc invests 13,000 at 12% simple interest for 1 year. How much is in the account at the end of the 1 year period?

Soluzione

N g oc in v es t s 13, 000 a t 12% s im pl e in t eres t f or 1 ye a r . Ho w m u c h i s in t h e a cco u n t a t t h e e n d o f t h e 1 ye a r p er i o d ?

Soluzione

Amount : 14560

Fasi della soluzione

Translate the problem into an equation:

A = 13000 (1 + 0.12 \cdot 1)

13000 (1 + 0.12 \cdot 1) = 14560

Amount : 14560

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