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.

Correct answer:

x =  2500

Step-by-step explanation:


1.045 x = 2612.5

1.045•x = 2612.5

1.045x = 2612.5

x = 2500

Our simple equation calculator calculates it.

Try another example


Did you find an error or inaccuracy? Feel free to write us. Thank you!



avatar







Tips to related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you want to convert time units like minutes to seconds?

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

Related math problems and questions:

  • Deposit 3
    interest_money After a year, Martin had on bank account € 2028. What was the interest rate when the initial deposit was € 1879?
  • Millionaire
    money 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%?
  • Interst on savings
    ecb The bank offers 1.6% interest. How many euros have to insert at the beginning if we received € 15 on the interest?
  • Savings
    500eur 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
  • Bank deposit
    bank 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..
  • Deposit
    ping_bank If you deposit 719 euros at the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years?
  • Slow saving in banks
    penize How long will it take to save € 9,000 by depositing € 200 at the beginning of each year at 2% interest?
  • Repay, interest, loan
    repay Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r
  • Bank
    money 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%.
  • Compound interest 4
    exp_growth2 3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent?
  • Mr. Brown
    bank 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?
  • Compound interest
    bank 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?
  • If you 3
    bank2 If you deposit $4500 at 5% annual interest compound quarterly, how much money will be in the account after 10 years?
  • Profitable bank deposit 2012
    eurocoins 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
  • Semiannually compound interest
    bank2 If you deposit $5000 into an account paying 8.25% annual interest compounded semiannually, how long until there is $9350 in the account?
  • Mr. Vojta
    penize 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?
  • Annual interest
    bank2 A loan of 10 000 euro is to be repaid in annual payments over 10 years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid.