Solution
Wesley earned some money doing odd jobs last summer and put it in a savings account that earns 5% interest compounded quarterly. After 4 years, there is 800.00 in the account. How much did Wesley earn doing odd jobs?Round your answer to the nearest cent.
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
twice the difference of a number and 9 equals 3Four more than the product of a number and 8 is 5.Henry has 3,261 in an account. The interest rate is 5% compounded annually.To the nearest cent, how much interest will he earn in 1 year?twice the difference of a number and 8 is 6twice the difference of a number and 8 is 7