Solution

Aiden has 6, 000 in an account. The interest rate is 5% compounded annually.To the nearest cent, how much will he have in 5 years?

Solution

Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:

Popular Examples

the sum of 2 numbers is 50. Three times the first number is two times the second number. write and equationSeven more than the product of four and a numberIf you invest 2000 at 6% interest compounded semi-annually, how much will be in the account after 5 years?The sum of eight times a number, and 6 , is equal to seven times the number.:Write the above sentence as an equation.the sum of two numbers is 45. The larger number is 4 times the smaller number. find the two numbers