Grandparents
The grandfather set aside €1200 for savings. At the beginning of each month, he deposited €100 in the bank at an interest rate of 3%p. A. At the end of the year, he had €1,219.68 in the bank. Grandma immediately put the entire amount of €1,200 into the bank under the same conditions as Grandpa.
a. ) how much did Grandma have in her account after a year?
b. ) which of the grandparents had more and why?
a. ) how much did Grandma have in her account after a year?
b. ) which of the grandparents had more and why?
Correct answer:
Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.
Do you want to convert time units like minutes to seconds?
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
basic functionsUnits of physical quantitiesthemes, topicsGrade of the word problem
Related math problems and questions:
- Deposit
At the beginning of the year, Michael'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 bank account. What was the annual interest rate in percent? - 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 you have in total after three years? - Grandfather 4754
Grandma had apples. When she gave seven to her grandfather, they both had the same. When Grandpa gave five apples to Grandma, she had three more than Grandpa. How many apples did each initially have? - Client
A bank client had €1,320 deposited in her account throughout the year. At the end of the year, €33 in interest was credited to the account. What interest rate was used to determine the principal?
- Beginning 82198
At the end of the year, the lady had 360,009 CZK in her account with added interest. What was the amount at the beginning of the year if the interest rate was 10.5% pa? - Principal and interest
Peter put € 270 principal into the bank, and at the end of the year, the account was € 282. To what annual interest rate did Peter deposit money in the bank? - Beginning 39061
Alena and Bára had 1,500 CZK saved together at the end of January. After Alena spent CZK 318 from her savings and Bára spent CZK 249 from her savings in February, Alena had twice as much CZK saved as Bára. How much money did they have at the beginning?
