Solution
Brenna is saving up money to buy a car. Brenna puts 5, 000.00 into an account which earns 2% interest, compounded quarterly. How much will she have in the account after 3 years?'
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
the sum of 9 times a number and 3 is 4A massage gun costing 14.00 to manufacture is marked up 150%. What is the selling price?the sum of 9 times a number and 3 is 2the product of the number and −14Keyanna saved 4600. Over the course of 4 years, Keyanna ended up earning an additional 1656 in interest. What was the simple interest rate of the loan?