Solution
Kelly puts 300.00 into an account to use for school expenses. The account earns 13% interest, compounded monthly. How much will be in the account after 5 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
Fourteen more than 5 times a number is 34.the sum of 5 times a number and 7equal 8the product of 4, and a number increased by 7, is-36Four more than the product of a number and 7 is equal to 8.the sum of the ages of Nicole and Kristin is 32. In 2 years, Nicole will be three times as old as Kristin. How old are they now