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Popular Word Problems >

Your investment account have grown by 6.9% .Currently you have R6414 in this account .What was the balance in your account one year ago before this gain

Solución

Y o u r in v es t m e n t a cco u n t ha v e g ro w n b y 6.9% . C u rre n tl y yo u ha v e R 6414 in t hi s a cco u n t . Wha t w a s t h e ba l an ce in yo u r a cco u n t o n e ye a r a g o b e f ore t hi s g ain

Solución

Amount : 6856.566

Pasos de solución

Translate the problem into an equation:

A = 6414 (1 + 0.069 \cdot 1)

6414 (1 + 0.069 \cdot 1) = 6856.566

Amount : 6856.566

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