How much is the original investment

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Q1. A certain amount was invested on Jan 1, 2020 such that it generated a periodic payment of 22,978.05 at the beginning of each month of the calendar year 2020. The interest rate on the investment was 15 %. How much is the original investment?

Q2. A certain amount was invested on Jan 1, 2020 such that it generated a periodic payment of 22,082.67 at the beginning of each month of the calendar year 2020. The interest rate on the investment was 19 %. How much is the interest earned?

Reference no: EM133091076

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