Three-month 60231

How much € do we have to save on a three-month term deposit with an interest rate of 2.5% pa? If we want the deposit to earn an interest of € 1,100

Correct answer:

x =  176000 Eur

Step-by-step explanation:

q1=2.5%=1002.5=0.025 q2=123 q1=123 401=12 403 1=4803=16010.0063 a=1100 Eur  x q2=a x 0.00625=1100  0.00625x=1100  x=0.006251100=176000.00000256  x=176000.000003=176000 Eur

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