SOLUTION: If C dollars are deposited in an account paying r percent annual interest, approximate the amount in the account after x years if C= $150, r= 2.2%,and x= 19 years. A= $....... r

SOLUTION: If C dollars are deposited in an account paying r percent annual interest, approximate the amount in the account after x years if C= $150, r= 2.2%,and x= 19 years. A= $....... r

Algebra.Com

Question 551153: If C dollars are deposited in an account paying r percent annual interest, approximate the amount in the account after x years if C= $150, r= 2.2%,and x= 19 years.
A= $....... round to the nearest cent
Answer by mathstutor458(57) (Show Source): You can put this solution on YOUR website!
C= $150, r= 2.2%,and x= 19 years.
Simple interest = C*r*x/100 = 150*2.2*19/100=$62.70
Therefore, Amount=C+interest = 150+ 62.7=$212.70
RELATED QUESTIONS
If c dollars are deposited in an account paying r% annual interest, approximate the the... (answered by ewatrrr)

Please help. If C dollars are deposited in an account paying r percent annual... (answered by stanbon)

If c dollars are deposited in an account paying R% annual interest, the amount after x... (answered by rfer)

If�x�dollars�is�deposited�every�four�weeks�(13�times�a�year)�into�an�account�paying�an... (answered by greenestamps)

If c dollars are deposited in an account paying r annual interest, approximate the amount (answered by KMST)

A principal of $12,000 is invested in an account paying an annual interest rate of 6%.... (answered by rfer)

Find the amount of money in an account after 8 years if $4800 is deposited at 6% annual... (answered by stanbon)

The formula A = P(1 + r)2 is used to find the amount of money, A, in an account after P... (answered by jorel555)

suppose u invest 1500 dollars in an account paying 4.5% annual interest. Find the account (answered by Fombitz)