Tyler had 225 in his savings account. Each year, the value of the savings account increases by 4%. How much money does he have in his account after 1 year? must be equation

Solution

Solution

Amount : 234

Solution steps

Translate the problem into an equation:

A = 225 (1 + 0.04 \cdot 1)

225 (1 + 0.04 \cdot 1) = 234

Amount : 234

Popular Examples

church bus traveled 4 2/3 hours at 48 miles per hour.:How far did the bus travel?Alexandra wants to go on a cruise in three years. She could earn 8.2 percent interest compounded monthly in an account if she were to deposit the money today. She needs to have 10000 in three years. How much must she have to deposit today?The lion population in a certain reserve drops by 5% every year. Currently, the population's size is 200. Write a function that gives the lion population size, P(t)t, years from today.Toss a fair coin two times what is the probability of obtaining a head Keilantra is saving money and plans on making quarterly contributions into an account earning an annual interest rate of 3.2% compounded quarterly. If Keilantra would like to end up with dollar sign, 61, comma, 00061, 000 after 6 years, how much does she need to contribute to the account every quarter, to the nearest dollar? Use the following formula to determine your answer.