Saving account

After a year, the bank added 54 euros to Mrs. Eva's saving account. The interest rate on her savings account is 1.25% p. a. How many euros did Mrs. Eva have on her account a year ago?

Correct answer:

a =  4320 Eur

Step-by-step explanation:

q=1.25%=1001.25=0.0125 b=54 Eur  a   q = b  a=b/q=54/0.0125=4320 Eur

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