Math, asked by praveen17ec, 8 months ago

The interest received for the second year on a certain sum of money exceeds the interest received in
the first year by $500. If the amount was invested at 10% compound interest per annum, what was the
sum invested in the beginning?

Answers

Answered by jyothibhatgirish

25

Answer:

The interest received for the second year on a certain sum of money exceeds the interest received in

the first year by $500. If the amount was invested at 10% compound interest per annum, what was the

sum invested in the beginning?

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