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    Question

    A certain sum is deposited for 4 years at a rate of 10%

    per annum on compound interest compounded annually. The difference between the interest at the end of 2 years and that at the end of 4 years is β‚Ή5,082. Find the sum (in β‚Ή).
    A 20,000 Correct Answer Incorrect Answer
    B 10,164 Correct Answer Incorrect Answer
    C 50,820 Correct Answer Incorrect Answer
    D 25,500 Correct Answer Incorrect Answer

    Solution

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