Maths

On the 1st of January 2014, Carol invested some money in a bank account.

The account pays 2.5% compound interest per year.
On the 1st of January 2015, Carol withdrew £1000 from the account.
On the 1st of January 2016, she had £23 517.60 in the account.

Work out how much Carol originally invested in the account?

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  3. 👁 4,262
  1. [(1.025 x) - 1000] * 1.025 = 23517.6

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    2. 👎 17
  2. fff

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  3. answer is £23360

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  4. skengmanpoundz

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  5. It is £23360

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  6. how did you get the answer

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  7. Anonymous, how da hell u on everything

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