14. The compound interest on a certain sum for
2 years at 5% per annum compounded
annually is 416.20. Find the sum.
Answers
Answered by
0
Answer:
416.20×5×2/10000
=41.60
Answered by
0
Answer:
CI = 416.20. PRINCIPAL = P
RATE = 5℅. TIME = 2 YRS
AMOUNT= P[1+R/100]^T
AMOUNT= P[1+5/100]²
AMOUNT = P[105/100]²
AMOUNT=P[21/20]²
AMOUNT= P×21/20×21/20
AMOUNT= 441P/400
C.I.= A-P
416.20= 441P/400 - P
416.20=41P/400
41P=166480
P=166480/41
P=4060.48
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