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Beliebt Word Problems >

Juan deposits \$6000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 5 years?

Lösung

J u an d e p os i t s $6000 in t o an a cco u n t t ha t p a ys s im pl e in t eres t a t a r a t e o f 2% p er ye a r . Ho w m u c h in t eres t w i ll h e b e p ai d in t h e f i rs t 5 ye a rs ?

Lösung

Interest : 600

Schritte zur Lösung

Translate the problem into an equation:

I = 6000 \cdot 0.02 \cdot 5

Vereinfache

I = 6000 \cdot 0.02 \cdot 5

Interest : 600

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