Lösung
Patrick deposited 8, 000.00 into a new savings account that earns interest compounded quarterly. After 7 years, the balance in the account was 15, 300.00. What was the interest rate on the account?Round your answer to the nearest tenth of a percent.
Lösung
Schritte zur Lösung
Translate the problem into an equation:
Löse nach
Beliebte Beispiele
There are 5 consecutive integers with a sum of-470. What is the value of the least integer?Suppose that 7000 is placed in an account that pays 3% interest compounded each year.Assume that no withdrawals are made from the account. Do not do any rounding. Find the amount in the account at the end of 2 years.Find the future value.19,691 invested for 9 years at 3% compounded semiannuallyA rectangular board is 1100 millimeters long and 800 millimeters wide. What is the fläche of the board in square meters? Do not round your answer.Determine three consecutive odd numbers whose sum is 123