Solution

8000 dollars is placed in an account with an annual interest rate of 6.55%. How much will be in the account after 15 years, to the nearest cent

Solution

Solution steps
Translate the problem into an equation:

Popular Examples

Adam opened a savings account and deposited 6,189.00 as principal. The account earns 8% interest, compounded annually. What is the balance after 9 years?Latrell puts 3,996.00 into an account to use for school expenses. The account earns 3% interest, compounded annually. How much will be in the account after 5 years?the sum of two consecutive even numbers is 46 what are the numbersFind the diameter of a circle with an area of 126mm^2 (3 marks)eight less than the quotient of a number and-3