Question

15. john borrowed a certain sum of money at 12% per annum, compounded annually.
He paid it back in two equal instalments of 39,200 each. What sum did he borrow?​

Answer 1

Answer:

thw sum of borrowed =present worth of rs . 882 due 1 year hence+present worth of rs 882 due 2 year

Step-by-step explanation:

882/(1+5/100)^1 +882/(1+5/100)^2

882/105/100+882/(105/100)^2

882*20/21+882*20*20/21*21

840+800=1640