document.write( "Question 1143509: Mr.Popo deposited on a savings bank earning 5% per year compounded annually. After 3years, he decided to transfer the accumulated amount to an investment bank which earns 8% per year compounded quarterly. If the accumulated amount after six years in the investment bank is 102,408.19, how much did he deposit on the savings bank? \n" ); document.write( "

Algebra.Com's Answer #764342 by ikleyn(52852) $\"\"$ $\"About$

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document.write( "Let x = the value under the question.\r\n" );
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document.write( "Then you have this equation to determine x\r\n" );
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document.write( "     = 102408.19\r\n" );
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document.write( "or\r\n" );
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document.write( "    x*1.861967 = 102408.19\r\n" );
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document.write( "    x =  = 55000.00.      ANSWER\r\n" );
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