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 = 150000/1.5 = 100000

x = 100000

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