A sum of money was lent for two years at 20% per annum compound intere

A sum of money was lent for two years at 20% per annum compound interest. If the interest on the sum for the second year was $1440, find the sum. (A) $3000 (B) $5000 (C) $6000 (D) $9000 (E) $12000 Project PS Butler Subscribe to get Daily Email – Click Here | Subscribe via RSS – (…)