Two years ago, Ram put $500 into a savings account. At the end of the first year, his account had accrued $100 in interest bringing his total balance to $600. The next year, his account balance increased by 10%. At the end of the two years, by what percent has Ram's account balance increased from his initial deposit of $500 ? Choose the most appropriate option.
A) 19%
B) 28%
C) 30%
D) 32%
E) 25%
investment 500 dollars   1 st year total gained = 100   total amount end of first year = 600   second year account increased by 10 % = 600*0.1= 
<gadget id="calculator">600*0.1</gadget>
<output>60</output>
60   therefore total amount by second year end= 660   so total percentage increase in money = (660-500)*100/500= 
<gadget id="calculator">(660-500)*100/500</gadget>
<output>32</output>
32 %   Correct Answer 32%=32%
<result>D</result>
Two years ago, Ram put $500 into a savings account. At the end of the first year, his account had accrued $100 in interest bringing his total balance to $600. The next year, his account balance increased by 10%. At the end of the two years, by what percent has Ram's account balance increased from his initial deposit of $500 ?