Solution

Find the final amount when 9500 is invested at 7% simple interest for 5 years

Solution

Solution steps
Translate the problem into an equation:

Popular Examples

the sum of five consecutive integers is 0.find the integersA vase is 98 years old. A glass is 20 years old. How long until the vase is 4 times the glassa square has diagonals of 6 cm. what is the area of the square ?Montraie is going to invest in an account paying an interest rate of 4.6% compounded annually. How much would Montraie need to invest, to the nearest ten dollars, for the value of the account to reach 1,610 in 15 years?David invested 89,000 in an account paying an interest rate of 3.1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 15 years?