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?

Correct answer:

p =  4 % pa

Step-by-step explanation:

a=15000 Eur i=600 Eur  p=100 ai=100 15000600=15000100 600=1500060000=4%pa

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

Tips for 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: