If your balance after 8 years in the bank at a rate of interest of 11%% is 3783193 how much was your original deposit? 29 original doriginal deposit save exit submit

The original amount deposit is $1641627.68.

Step-by-step explanation:

Given : If your balance after 8 years in the bank at a rate of interest of 11%% is 3783193.

To find : How much was your original deposit?  

Solution :

Applying interest formula,

Where, A is the amount i.e. A=$3783193

P is the principal value i.e. the original deposit

r is the interest rate r=11%=0.11

t is the time t=8 years.

Substitute the value in the formula,

Therefore, The original amount deposit is $1641627.68.

step-by-step explanation:

first you will have to convert 3/4 into a decimal

which is .75

then you will have to divide 1.5 by .75

which is 2

no you have to divide