en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Brooke has 7 in an account that earns 10% interest compounded annually.To the nearest cent, how much interest will she earn in 2 years?

Solution

Brooke has 7 in an account that earns 10% interest compounded annually.To the nearest cent, how much interest will she earn in 2 years?

Solution

Interest : 1.47

Solution steps

Translate the problem into an equation:

8.47 = 7 + I

Solve for

I, 8.47 = 7 + I : I = 1.47

Interest : 1.47

Popular Examples

Tina is 10 years older than Grace. In 4 years time, Tina will be twice as old as Grace. How old are they now.The circumference of a circle is 20𝜋 inches. What is the area?Increase 120 75% by whats the new amount?70 is 0.70 of what number The circumference of a circle is 13.816 meters. What is the circle's area?