Question

Jason opened an account at MathsWatch Bank. MathsWatch Bank’s interest rate was 4%. After one year, the bank paid him interest. The total amount in his account was then £1976. Work out the amount with which Jason opened his account

Answer 1

Answer:

1900

Step-by-step explanation:

let the deposit amount=x

interest=4%

total percent =100

after adding interest percentage=100+4=104%

X x 104/100=1976

x=1976 x 100/104=1900