Millionaire

Mr. Smith have gone withdraw from bank saving interest € 1,500. How big was his initial deposit if the annual interest rate is 1.5%?

Correct answer:

x =  100000 Eur

Step-by-step explanation:

1.5/100 x = 1500

1.5/100•x = 1500

1.5x = 150000

x = 100000

Our simple equation calculator calculates it.

Try another example

Related math problems and questions:

• Bank deposit
  Ms Jana after the withdraw amount of 2,500 euros after year saving in bank. What was her deposit if the interest rate was 2.5% p.a..
• The deposit
  Deposit has been placed for one year at an annual rate of 4.5%. After the added interst amount rose to € 2,612.5. Determine initial deposit.
• Deposit 3
  After a year, Martin had on bank account € 2028. What was the interest rate when the initial deposit was € 1879?
• Combined interest
  Combined interest: Carol has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. The money was put into the account 5.5.2016 and withdraw them all before Christmas 20.12.2016. How much money did she withdraw?
• Mr. Brown
  Mr. Brown invested 15,000 euros in the bank for an annual term deposit. After the first year, he gained 600 euros. What was the annual interest rate of his deposit?
• Mr. Vojta
  Mr. Vojta put in the bank 35000 Kč. After a year bank, he credited with an interest rate of 2% of the deposit amount. How then will Mr. Vojta in the bank?
• Bank
  Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.
• Simple interest
  Peter put into bank 853 euros deposit. After 7 years on account overall was 984 euro. What was the interest rate if bank add simple interest?
• Interst on savings
  The bank offers 1.6% interest. How many euros have to insert at the beginning if we received € 15 on the interest?
• Profitable bank deposit 2012
  Calculate the value of what money lose creditor with a deposit € 9500 for 4 years if the entire duration is interest 2.6% p.a. and tax on interest is 19%. Annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at negative int
• Compound interest
  Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
• Bank account CZ
  We will deposit CZK 6,600 into the bank for 1 year with an interest rate of 2.5%. The interest tax is 15%. How many crowns will we receive after one year?
• Deposit is pesos
  Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year?
• Savings
  The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua
• 3 years savings
  Simple interest problem. Tereza has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Interest is added each year and left aside. How many CZK (crowns) will have total after 3 years?
• Principal and interest
  Peter put € 270 principal into bank and at the end of the year on account was € 282. To what annual interest rate that Peter had deposited money in the bank?
• Election mathematics
  In elections, 12 political parties received this shares of voters: party A 56.2 %party B 8.5 %party C 8.2 %party D 6.2 %party E 6.1 %party F 5.5 %party G 3.2 %party H 2.1 %party I 2 %party J 1 %party K 1 % Calculate what the shares acquired in the parliam