Calculating deposit needed you put $10 comma 000 in an account earning 5%. after 3 years, you make another deposit into the same account. four years later (that is, 7 years after your original $10 comma 000 deposit), the account balance is $20 comma 000. what was the amount of the deposit at the end of year 3?

Amount deposited at the end of three year will be $4877.8245

Explanation:

We have given principal amount P = $10000

Rate of return = 5 % = 0.05

First take time t = 3 years

So the amount after 3 years

Let the amount of deposit after 3 years = x

So total amount of deposit = 11576.25 + x

Amount after 7 years = $20000

So

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