Millionaire

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 Smith has withdrawn from the bank, saving interest € 1,500.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

Final Answer:

x =  100000 Eur

Step-by-step explanation:

r=1.5%=1001.5=0.015  r x=1500 0.015 x=1500  0.015x=1500  x=0.0151500=99999.99999933  x=99999.999999=100000 Eur



Help us improve! If you spot a mistake, please let let us know. Thank you!







Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.
Do you have a linear equation or system of equations and are looking for a solution? Or do you have a quadratic equation?
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

algebrabasic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem

Related math problems and questions: