The deposit
A deposit of € 2,612.5 was placed for one year at an annual rate of 4.5%. After one year, the amount rose to € 2,612.5. Find the initial deposit.
Correct answer:
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You need to know the following knowledge to solve this word math problem:
- algebra
- equation
- expression of a variable from the formula
- basic functions
- percentages
- exponential function
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