algebraic expressions

3.Rayond deposits an amount of money in a bank at an interest rate of 5% p.a..
The bank chargs him $50 and he gets back $10950 two years later.

Find the amount that he deposits in a bank.
Let the amount that he deposits in a bank be $x
x * (1 + 5% * 2) - 50 = 10950
x + 10/100 x = 10950 + 50
1.1x = 11000
x = 11000 /1.1
x = 10000
Ans. The amount is $10000.

3.Rayond deposits an amount of money in a bank at an interest rate of 5% p.a..
The bank chargs him $50 and he gets back $10950 two years later.

Find the amount that he deposits in a bank.
Let the amount that he deposits in a bank be $x
x * (1 + 5% * 2) - 50 = 10950
x + 10/100 x = 10950 + 50
1.1x = 11000
x = 11000 /1.1
x = 10000
Ans. The amount is $10000.
XDHope I can help uXO

Let $p be the amount that he deposits in a bank
p+p(5%*2)=10950+50
p+0.1p=11000
1.1p=11000
p=11000/1.1
p=10000