Solution
You deposit 3000 in an account earning 6% interest compounded monthly. How much will you have in the account in 10 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
The circumference of a circle is 3pi inches. What is the area?Ishaan is 7 times as old as Christopher and is also 35 years older than Christopher. How old is Christopher?seven less than a number is elevenApril took out 600 loan from the bank. At the end of 5 years, she pays back the principal, plus 60 simple interest what was the annual interest rateThe sum of three numbers is 33. The second number is 7 less than the first, and the third number is 2 more than the second.