The deposit

A deposit has been placed for one year at an annual rate of 4.5%. The amount rose to € 2,612.5 after one year. Find initial deposit.

Correct answer:

x =  2500

Step-by-step explanation:

q=100%+4.5%=1+1004.5=1.045  q x=2612.5 1.045 x=2612.5  1.045x=2612.5  x=1.0452612.5=2500  x=2500

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Showing 1 comment:
Where did you get the 1.045?

2 years ago  1 Like

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