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Populaire Word Problems >

if greg invested $500 for 5 years, compounded annually, at a rate of 6%, how much intrest would he earn on his investment

Solution

Solution

Interest : 169.11

étapes des solutions

Translate the problem into an equation:

669.11278 \dots = 500 + I

Solutionner pour

I, 669.11278 \dots = 500 + I : I = 169.11

Interest : 169.11

Exemples populaires

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