Savings interest

It was 1975, and Peter deposited the entire cash of 10,900.40 Euros in a savings account with 4% interest, credited monthly. He did not add anything to the book, and in exactly 15 years, he withdrew the entire amount in cash. How much did he withdraw?

Final Answer:

x =  19631.0046 Eur

Step-by-step explanation:

u=(1+4/100)151.8009 x=10900.40 u=10900.40 1.8009=19631.0046 Eur



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