Solution
Felix has 5, 483 in an account. The interest rate is 12% compounded annually.To the nearest cent, how much interest will he earn in 2 years?
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
The area of a circle is 100pi square meters. What is the radius?what is the area of a square whose diagonal is 4The sum of two numbers is 532. Twice the larger number plus 4 times the smaller number is 1556. Find the numbers.you deposit 500 dollars in an account that pays 2.5 percent annual interest Find the balance after 2 years when the interest is compounded daily.the sum of three consecutive integers is-126 , what are the two integers