Question

On the 1st Jan 2012 Beth invested some money into a bank account.The account pays 2.5% interest per year.On the 1st Jan 2013 she withdraws £1000.On the 1st Jan 2014 she had £17,466 in the account.How much money did Beth originally invest into the account.Please show your method.

Answer 1

On the 1st Jan 2012 Beth invested some money into a bank account.The account pays 2.5% interest per year.On the 1st Jan 2013 she withdraws £1000.

Explanation:

13 she withdraws £1000.On the 1st Jan 2014 she had £17,466 in the account.How much money did Beth originally invest into the account.Please show your method.