Maintaining 5136

Petr succumbed to a bank's tempting offer, opened an account, and deposited CZK 1,051 into it. The account bore interest at 1.4%, credited once a year. The fee for maintaining this account was only CZK 140 per year. After seven years, he enjoyed how his deposit multiplied. How much was the account balance?

Correct answer:

x =  178.4263 Kc

Step-by-step explanation:

x=1051 (1+1.4/100)7140 7=178.4263 Kc

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