Entrepreneur 7971

Tatrabanka offers deposits with an annual interest rate of 3.6%. How much EUR must an entrepreneur deposit in Tatrabanka so that at this interest rate, after the end of the year, the bank will credit him with €1,000 interest on the deposit?

Correct answer:

x =  27777.7778 EUR

Step-by-step explanation:


x · 3.6/100 = 1000

3.6x = 100000


x = 100000/3.6 = 27777.77777773

x = 250000/9 ≈ 27777.777778

Our simple equation calculator calculates it.



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