Solution
An engineer invests 10, 000 a year for 20 years into a fund. At the end of the 20 years, how much money is in the fund if the interest rate was 4%?
Solution
Solution steps
Translate the problem into an equation:
Popular Examples
8300 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the account after 14 years, to the nearest cent?If the speed of a car is 45km/h, how far can it travel in 0.5hours?The larger of two integers is 10 less than twice the smaller integer. if the sum of the two integers is 38, find the wo integers.Two times a number plus three equals one half of the number plus 30 What is the number?The sum of three consecutive odd numbers is 57 . What are the three numbers?