Question 980999
 The difference between simple interest and compound interest on a certain sum of money invested for 3 years at 6% p.a is $ 110.16. The sum is 
:
let p  = the original amt of money
:
Compounded amt - simple int amt = 110.16
p(1.06)^3 - (p+p*.06*3) = 110.16
1.191p - 1.18p = 110.16
.011p = 110.16
p = 110.16/.011
p = $10,014.55