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Популярный Word Problems >

Lola has 70 in an account that earns 10% interest compounded annually.To the nearest cent, how much interest will she earn in 1 year?

Решение

L o l a ha s 70 in an a cco u n t t ha t e a r n s 10% in t eres t co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h in t eres t w i ll s h e e a r n in 1 ye a r ?

Решение

Interest : 7

Шаги решения

Translate the problem into an equation:

77 = 70 + I

Решите для

I, 77 = 70 + I : I = 7

Interest : 7

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