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Popular Word Problems >

An account with an initial balance of 5000 earns 5% interest for 3.5 years.What is the ending balance

Solución

A n a cco u n t w i t h an ini t ia l ba l an ce o f 5000 e a r n s 5% in t eres t f or 3.5 ye a rs . Wha t i s t h e e n d in g ba l an ce

Solución

Amount : 5875

Pasos de solución

Translate the problem into an equation:

A = 5000 (1 + 0.05 \cdot 3.5)

5000 (1 + 0.05 \cdot 3.5) = 5875

Amount : 5875

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