Investment of the year

At the beginning of the year, my father invested EUR 1,000 in the bank at an annual interest rate of 3%. How many euros will the bank credit him with the deposit after eight months? (compound interest - from financial mathematics)

Your answer:

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 want to convert time units like minutes to seconds?

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

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

Related math problems and questions: