An amount of money is invested in a savings account for two years. It increased by Tk. 52.50 in two years. after annual compounding at the rate of 10% per year. What is the amount invested initially?

An amount of money is invested in a savings account for two years. It increased by Tk. 52.50 in two years. after annual compounding at the rate of 10% per year. What is the amount invested initially? Correct Answer TK. 250

Final interest = [invested amount{1 +(interest rate/100)}^ time] - invested amount final interest = 52.50interest rate = 10time = 2invested amount =?Now do the calculation.
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