SOLUTION: An amount is added to an account yearly, one third. $5000 is deducted from account for expenses at end of year. At the end of 3 years, after deducting final $5000, the account h

Question 1175744: An amount is added to an account yearly, one third. $5000 is deducted from account for expenses at end of year. At the end of 3 years, after deducting final $5000, the account has twice original amt. Determine original amt.
$15000 total deducted.
Unsure how to solve.

Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!

proof read before you post....

I don't know what this is supposed to mean:

"An amount is added to an account yearly, one third."

RELATED QUESTIONS
Ref. Question 1175744: Re-worded first statement. One third of an amount is added... (answered by greenestamps)

You deposit $500 in an account today and an additional amount X in one year. The account... (answered by josgarithmetic)

Dermot has �5000 and would like to invest it for two years. A special savings account is... (answered by Theo)

Hello everyone, I really just need some help in determining the formula for this problem- (answered by ewatrrr)

Suppose that $9500 is placed in an account that pays 6% interest compounded each year.... (answered by jorel1380,addingup)

Joe invests �5000 in a savings account at an annual rate of: 3.5% for the first year... (answered by addingup)

If $5000 is deposited at the end of each half year in an account that earns 6.1%... (answered by Theo)

Please help solving bi,ii Carter expects to live for 30 years more after his retirement. (answered by Theo)

Carter expects to live for 30 years more after his retirement. He would like to withdraw... (answered by asinus)