Register
4,400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the amount after 22 years to the nearest cost? How do I solve this, with steps please? :)
118k views
20 votes
4,400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the amount after 22 years to the nearest cost?

How do I solve this, with steps please? :)

User Tanique
by
8.6k points

1 Answer

4 votes
$12,386 is the answer:

8.25% times 22 years = 181.5% overall increase
$4,400 plus 181.5% = $12,386
User DennisVDB
by
8.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.8m questions

11.4m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!