Answer:
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.
It depends on what you are trying to calculate but the most common way I go to find percentage is to multiply by the number in decimal for ie. 50% = .5.
If you are looking for a way to do it quickly in your head I always take find out what 10% is like in the case of 100 it would be 10 so if I want to find 15% I know I can find 10% and if I cut what 10% is in half I will find 5% so likewise if I add what 10%+5% I will end up with 15%. For example, 10% of 100 is 10 half of 10 is 5 and 10+5 equals 15. If you need to find something like 20% or 30% I know that I can find 10% and instead of dividing(cutting it in half) I can multiply by 2 or 3. 10% + 10% =20%
I hope it helps, if you have more questions let me know!
The answer it is b because that is the right answer