Solve the Equation

question 51

Short Answer

Solve the equation.

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Definitions:

Term Deposit

A type of bank deposit that has a fixed term and typically offers a higher interest rate than a regular savings account.

Interest Rate

The percentage of a sum of money charged for its use.

Original Principal

The initial amount of money borrowed or invested before any interest or earnings are applied.

Interest

The cost of borrowing money or the payment received for the use of money, typically expressed as an annual percentage rate.