Word Problem
Felix's parents opened a savings
account for him when he was born with
a $2,000 deposit. The account earns 6%
compound interest, compounded
annually. How much money will be in
Felix's account when he is 21?

when Felix is 21 he will have $4520 in his bank account

5=812a+9+3

step 1: simplify both sides of the equation.

5=812a+9+3

5=(812a)+(9+3)(combine like terms)

5=812a+12

5=812a+12

step 2: flip the equation.

812a+12=5

step 3: subtract 12 from both sides.

812a+12−12=5−12

812a=−7

step 4: divide both sides by 812.

812a /812 = -7/812

a= -1/116

so the answer is

a=   -1/116