Bank withdrawal fee

The grandparents had €2,500 in the bank valued at 2% p.a. After the quarter, and they took the money with the evaluation. How much money was it? The bank honored the fee for early withdrawal in the amount of 0.05% of the deposited amount.

Final Answer:

x =  2511.24 eur

Step-by-step explanation:

p=2%=1002=501=0.02 r=1+p 41=1+501 41=200201=1.005 q=100%0.05%=11000.05=0.9995 x0=2500 eur  x1=r x0=200201 2500=200201 2500=200502500=25025=2512.5 x=q x1=0.9995 2512.5=2511.24 eur



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