Question

At the begginning of the year 3K's Corporation invested in a certificate
deposit for one year at 11% interest per annum. At the end of the year,
,
3k's Corporation receikd a total amount of 18 8, 700 (principal investment plus
evext ). what could have been the amount invested by 3ks Corporation at the
beginning of the year?​

Answer 1

Answer:

At the begginning of the year 3K's Corporation invested in a certificate

deposit for one year at 11% interest per annum. At the end of the year,

,

3k's Corporation receikd a total amount of 18 8, 700 (principal investment plus

evext ). what could have been the amount invested by 3ks Corporation at the

beginning of the year