Solution
Pablo opened a savings account and deposited 800.00 as principal. The account earns 5% interest, compounded monthly. What is the balance after 2 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
the sum of three consecutive even integers is 174Lauren's age is half of Joe's age. Emma is four years older than Joe. The sum of Lauren, Emma, and Joe's age is 99. How old is Joe?If 15 more than a number is 3 more than double the number, what is the number?A box with rectangular sides measures 18 inches wide, 12 inches deep, and 6 inches high. Find the volume of the box in cubic feet.prove that the product of the two consecutive integers is divisible by 2