he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Carlos invested some money 7 years ago in a savings account that earned a simple interest rate of 3.125%. He now has 40,218.75. How much money did he start with?

פתרון

C a r l os in v es t e d so m e m o n ey 7 ye a rs a g o in a s a v in g s a cco u n t t ha t e a r n e d a s im pl e in t eres t r a t e o f 3.125%. He n o w ha s 40, 218.75. Ho w m u c h m o n ey d i d h e s t a r t w i t h ?

פתרון

Amount : 49016.6

צעדי פתרון

Translate the problem into an equation:

A = 40218.75 (1 + 0.03125 \cdot 7)

40218.75 (1 + 0.03125 \cdot 7) = 49016.60156 \dots

Round to the nearest hundredth:

49016.6

Amount : 49016.6

דוגמאות פופולריות

An account with an initial balance of 5000 earns 5% interest for 3.5 years.What is the ending balance The volume of a sphere is 288pi cm^3. What is the radius The area of a rectangular parking lot is 4664m^2 .If the length of the parking lot is 88m , what is its width?The sum of 6 times a number and 3 is 2 .use the compound interest formula to compute the balance in the following account after the stated period of time, assuming interest is compounded annually. 7000 dollars invested at an APR of 2.5% for 25 years. what is the balance in the account after 25 years