Jayla took out a loan from a bank at 5% interest compounded annually. After 3 years, the balance on the loan was 1,000.00. How much interest had accumulated on the loan?

Lời Giải

Jayla took out a loan from a bank at 5% interest compounded annually. After 3 years, the balance on the loan was 1, 000.00. How much interest had accumulated on the loan?

Lời Giải

Interest : 136.16

Các bước giải pháp

Translate the problem into an equation:

1000 = 863.83759 \dots + I

Giải

I, 1000 = 863.83759 \dots + I : I = 136.16

Interest : 136.16

Ví dụ phổ biến

the square of five more than a number Three times the sum of a number and 2 equals 8.the sum of two consecutive integers The total diện tích covered by four identical sidewalk squares is 36 square feet. What is the side length of one sidewalk square?The sum of 4 consecutive integers is 130 .What is the third number in this sequence?