Sum of money

On a certain sum of money, invested at the rate of 10% compounded annually, the difference between the interests of the first year and the third year is 315 . Find the sum.

Result

x =  1363.636

Solution:


(1.1^3-1)*x -0.1x = 315

0.231x = 315

x = 1500011 ≈ 1363.636364

Calculated by our simple equation calculator.








Leave us a comment of example and its solution (i.e. if it is still somewhat unclear...):

Showing 0 comments:
1st comment
Be the first to comment!
avatar




To solve this example are needed these knowledge from mathematics:

Our percentage calculator will help you quickly calculate various typical tasks with percentages. Do you have a linear equation or system of equations and looking for its solution? Or do you have quadratic equation?

Next similar examples:

  1. Enterprise
    podniky_socik The value of annual production enterprise is 7.1 million USD. The average annual growth rate is 1.5%. What will be value of production at the end of the fifth year?
  2. BTC bubble
    btc_2 One of the world's experts in bubbles -- Prof. Robert Shiller, a Yale economist -- said Bitcoin "was an amazing example of a bubble" back in 2014. If you exchange fiat US dollar $100 to BTC in 2010, now in 2017 have value of 72.9 millions dollars. Find.
  3. Borrowing
    test_5 I borrow 25,000 to 6.9% p.a.. I pay 500 per month. How much will I pay and for how long?
  4. Commission 2
    compare_2 Mr gomez sells used cellphones. His commission for every cellphone sold is 20%. If his total sales is Php 33850, how much is his commission? Please, please, please show your solution.
  5. Loss
    books_34 A bookstore purchased from a publisher the biography of a well-known politician for R15 per copy, but sales have been very poor. The manager has decided to mark the copies down to R12 each to make a quick sale. Calculate the loss on each book as a percenta
  6. Electricity consumption cost
    Temelin4veze1 Last year Karol family reduced its electricity consumption by 31% compared to the previous year and paid CZK 2883 less. How many CZK is electricity last year and how many two year ago?
  7. Machine
    machine Price of the new machine is € 62000. Every year is depreciated 15% of residual value. What will be the value of the machine after 3 years?
  8. Merchant
    sale_3 The merchant lower cost by 10% in December when it was not sold. Again in January lower cost by 20% and now costs 576 €. A. How much the goods stood originally? B, how much cost the goods after the first lowering? C, How many percents totally merchant lo
  9. Dividing money
    penize_33 Thomas, Honza and Vasek are to divide 1220kč. Honza got 25% more than Thomas. Vasek 20% less than Thomas. How CZK each got?
  10. Loans, loan ...
    peniazky In Slovakia, launched a short-term non-bank loans, of which few people have their "take" are considered unfavorable. Often, the borrower ends up in a spiral of debt, which takes more and more onerous loan used to repay earlier loans. Calculate how many 9-
  11. Geometric progression 2
    exp_x There is geometric sequence with a1=5.7 and quotient q=-2.5. Calculate a17.
  12. Profit gain
    percent_12 If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:
  13. The city
    city_1 At the end of 2010 the city had 155000 residents. The population increased by 2.1% each year. What is the population at the end of 2013?
  14. A perineum
    sequence_geo_9 A perineum string is 10% shorter than its original string. The first string is 24, what is the 9th string or term?
  15. Theorem prove
    thales_1 We want to prove the sentense: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started?
  16. Six terms
    sequence_geo_3 Find the first six terms of the sequence a1 = -3, an = 2 * an-1
  17. Pine
    trees How much of a mixed forest rangers want to cut down, if their head said: "We only cut down pine trees, which in our mixed forest 98%. After cut pine trees constitute 94% of all trees left."