Mr. Adam and Mr. Milan each deposited 20,000 euros in their bank. After the first year, Mr. Adam added 600 euros and Mr. Milan 550 euros. What was the interest rate of each bank?
Did you find an error or inaccuracy? Feel free to write us. Thank you!
Thank you for submitting an example text correction or rephasing. We will review the example in a short time and work on the publish it.
Tips for related online calculators
You need to know the following knowledge to solve this word math problem:
Related math problems and questions:
- Mr. Brown
Mr. Brown invested 15,000 euros in the bank for an annual term deposit. After the first year, he gained 600 euros. What was the annual interest rate of his deposit?
- Saving account
After a year, bank added 54 euros to Mr Eva saving account. The interest rate on her saving account is 1.25% p. a. How many euros did Mrs. Eva have on her account a year ago?
- 3 years savings
Simple interest problem. Tereza has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Interest is added each year and left aside. How many CZK (crowns) will have total after 3 years?
- Deposited 7096
Mr. Novák deposited CZK 50,000 a year in the bank at an annual interest rate of 4%. How much will pre-tax interest be after one year?
- Deposited 64034
At the beginning of the year, Mišek's father opened a bank account in which he deposited 1,800 euros. At the end of the year, he had 1,845 euros in his account. What was the annual interest rate in percent?
- Principal 6066
After a year, little Katka on a passbook of thousands of euros. What was the annual interest rate in the bank, and the principal was 957 euros?
- Simple interest
Peter put into bank 853 euros deposit. After 7 years on account overall was 984 euro. What was the interest rate if bank add simple interest?
- Deposited 65534
Danka and Janka deposited their money in the bank in an account with an interest rate of 2.9 percent pa. How many euros did Janka invest if she earned 4.64 euros in interest and Danka 29 cents less?
- Principal and interest
Peter put € 270 principal into bank and at the end of the year on account was € 282. To what annual interest rate that Peter had deposited money in the bank?
- Bank deposit
Ms Jana after the withdraw amount of 2,500 euros after year saving in bank. What was her deposit if the interest rate was 2.5% p.a..
- Interest 65494
Martina invested 1,300 euros in the bank, and after a year, the bank credited her with an interest of 26.65 euros. What was the annual interest rate of this bank?
- Interest 65684
How many euros did Mr. Slovák deposit in the bank if, after a year, at an annual interest rate of 3.8%, he had 2,076 euros in his account?
- Compound interest
Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
- Entrepreneur 22941
Entrepreneur Zahourek deposited 450,000 into the bank's account with 4.5% annual interest. Calculate what the amount will be on the deposit account after three years.
- Combined interest
Combined interest: Carol has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. The money was put into the account 5.5.2016 and withdraw them all before Christmas 20.12.2016. How much money did she withdraw?
- Interest 8369
Mr. Novák borrowed € 3,500 from the bank with an annual interest rate of 14%. He repaid the loan after a year. How much did he pay to the bank?
- Interest 6047
Mr. Demikát took out a loan worth 5,000 euros from the bank with an interest rate of 12 percent. How many months will it repay if the monthly payment is 80 euros?