Question

At the beginning of year 2011, a man had 22, 000 in his bank account. He saved some money by the end of this year and deposited it in the bank. The bank pays 10% per annum compound interest and at the end of year 2012 he had 39, 820 in his bank account. Find, what amount of money he had saved and deposited in his account at the end of year 2011.

Answer 1

Answer:

The amount he had saved is Rs 14200