Solution
Matthew is saving up money to buy a car. Matthew puts 9, 279.00 into an account which earns 1% interest, compounded annually. How much will he have in the account after 7 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
solve for Six more than the product of a number and 2 is 8.25 divide by a numberYou deposit 3000 in an account earning 1399% interest compounded monthly. How much will you have in the account in 69 years?When a number is squared, the result is five times the original number. Find the number.A pair of shoes costs\$89.99. They are on sale for 30% off. What is the new price of the shoes?