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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

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Soluzione

Tylerhad225inhissavingsaccount.Eachyear,thevalueofthesavingsaccountincreasesby4%.Howmuchmoneydoeshehaveinhisaccountafter1year?mustbeequation

Soluzione

Amount:234
Fasi della soluzione
Translate the problem into an equation:A=225(1+0.04⋅1)
225(1+0.04⋅1)=234
Amount:234

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