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If you put 603 in a savings account that pays 9% for one year, what is the amount of money you will have at the end of the year?

Solution

If you put 603 in a savings account that pays 9% for one year, what is the amount of money you will have at the end of the year?

Solution

Amount : 657.27

Solution steps

Translate the problem into an equation:

A = 603 (1 + 0.09 \cdot 1)

603 (1 + 0.09 \cdot 1) = 657.27

Amount : 657.27

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