# Sum of money

On a certain sum of money, invested at the rate of 10% compounded annually, the difference between the interests of the first year and the third year is 315 . Find the sum.

### Correct answer:

Tips to related online calculators

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

Do you have a linear equation or system of equations and looking for its solution? Or do you have a quadratic equation?

Do you have a linear equation or system of equations and looking for its solution? Or do you have a quadratic equation?

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

## Related math problems and questions:

- A man 2

A man divides $10,000 into two investments, one at 10% and the other at 30%. Find how much is invested at each rate so that the two investments produce the same income annually. - Annual interest

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. - Saving for education

Suppose that a couple invested Php 50 000 in an account when their child was born, to prepare for the child's college education. If the average interest rate is 4.4% compounded annually, a, Give an exponential model for the situation b, Will the money be - Future value

Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn? - You take

You take out Php 20 000 loan at 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after 10 years? - Investment

1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years? - Retirement annuity

How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th - Savings

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 - Monthly payments 2

Suppose you have selected a new car to purchase for $19,500. If the car can be financed over a period of 4 years at an annual rate of 6.9% compounded monthly, how much will your monthly payments be? - The machine

The annual depreciation of the machine is 10%. After 8 years, the machine is worth 697 euros. What was the price of this machine at the time of purchase? - Deposit

Oh I total of $15,000 deposited into simple interest accounts the annual simple interest rate on one account at 6% the annual simple interest rate on the second account at 7% how much should be invested in each account so that the total interest earned is - Common ratio

If 200 units of a commodity are consumed in a first year, and if the annual rate of increase in consumption is 5% (a) what amount is consumed in the 8th year; (b) in the first 15 years? - Volume of wood

Every year, at the same time, an increase in the volume of wood in the forest is measured. The increase is regularly p% compared to the previous year. If in 10 years the volume of wood has increased by 10%, what is the number p? - Account operations

My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year? - The crime

The crime rate of a certain city is increasing by exactly 7% each year. If there were 600 crimes in the year 1990 and the crime rate remains constant each year, determine the approximate number of crimes in the year 2025. - Annual pension

Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2% - Machine

Price of the new machine is € 62000. Every year is depreciated 15% of residual value. What will be the value of the machine after 3 years?