Question

2 A sum of money becomes ₹2704 in 2years at C I rate of 4%pa find
A) the sum of money at the beginning
B) the interest generated​

Answer 1

Answer:

C. I = p( 1+r/100)^n

p (1+ 4/100)^2= 2704

p *1.0816= 2704

p = 2704/ 1.0816

p= 2500

A) sum of the money at the beginning = 2500

B) The interest generated = 204