Solution
Maggie deposited 100.00 into a new savings account that earns 10% interest compounded monthly. How long will it take for the balance to grow to 212.00?
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
If the sum of three consecutive odd numbers is 177. What is the smallest of the three numbers?A sphere has a volume of 500m^3 calculate the radius of the sphereStefany paid 50.00 for a new pair of shoes. They were discounted 15% off the original price. What decimal represents the discount Stefany received?Gordon opened a savings account and deposited 500.00 as principal. The account earns 14% interest, compounded annually. What is the balance after 2 years?rectangle has a width of 52 centimeters and a perimeter of 220 centimeters. What is the rectangle's length?