Solution
An account is opened with an initial deposit of 700 and earns 3.3% interest compounded semi-annually.What will the account be worth in 3 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
Oscar has 3,000 in an account that earns 6% interest compounded annually.To the nearest cent, how much interest will he earn in 1 year?Write as a mathematical equation.The product of a number and 9 is 63.A family's home is currently worth 463,248, which is 20% higher than the home was worth when they bought it. What was the value of the home when they bought it?The circumference of a circle is 18pipi m. Find its radius,Janelle puts 200.00 into an account to use for school expenses. The account earns 13% interest, compounded annually. How much will be in the account after 10 years?