Question

(11. Find the principal that will amount to Rs.2196 in 4 years at 51/2% per annum.
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Answer 1

Answer:

The compound interest accumulation formula is given by:

A = P(1 + i)ⁿ

Whereby:

A = Accumulated

P = The principal amount

i = interest rate

n = the duration of accumulation

In this case, we have:

A = Rs 2196

n = 4 years

i = 1 1/2%

Substituting the values we have:

2196 = P(1 + 1.5)⁴

2196 = P(1.015)⁴

2196 = 1.06136P

P = 2069.043

The principal is 2069.043.

BYE AND HAVE A NICE DAY

Answer 2

Answer:

फाइंड द प्रिंसिपल बिल डेट अमाउंट ₹2196 in 4 years at a 11बाय टू परसेंट पर annum