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Carl placed 3600 in a savings account which compounds interest annually at a rate of 1.5%. How much will he have in the account after 6 years?

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解答

Carlplaced3600inasavingsaccountwhichcompoundsinterestannuallyatarateof1.5%.Howmuchwillhehaveintheaccountafter6years?

解答

Amount:3936.4
求解步骤
Translate the problem into an equation:A=3600(1+10.015​)1⋅6
3600(1+10.015​)1⋅6=3936.39575…
Round to the nearest hundredth:3936.4
Amount:3936.4

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