Solution

you deposit 5000 dollars into an account that pays 2.25% annual interest. find the balance after 5 years when the interest is compounded quarterly

Solution

Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:

Popular Examples

Mark's current age is six less than five times Nico's age. In 15 years, Mark's age will be twice Nico's age. Find their present ages.7 less than the product of 3 and a numberA local hamburger shop sold a combined total of 382 hamburgers and cheeseburgers on Monday. There were 68 fewer cheeseburgers sold than hamburgers. How many hamburgers were sold on Monday?eight more than twice a number is fifty2 times a number, increased by 8