Solution

Martina deposits 700 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 5 years?

Solution

Solution steps
Translate the problem into an equation:
Simplify

Popular Examples

The difference between eight times a number and 12 is 36.The sum of three consecutive even integers is 66. Find the three integers.Find three consecutive odd numbers whose sum is 2067.Avery opened a savings account and deposited 800.00 as principal. The account earns 15% interest, compounded monthly. What is the balance after 7 years?Seven times a number minus four is 45