Question

2. Find the sum which amounts to 1352 in 2 years at 4% compound interest.​

Answer 1

Step-by-step explanation:

Let the sum is Rs. x , which Amount to Rs. 1352 in 2 years.

Rate of Compound interest, r=4%

Principal ,P=x

Time, t=2 years

Amount, A=P(1+ 100r) t

1352=x(1+ 1004) 2

1352=x(1+ 251) 2

1352=x( 2526 ) 2

⇒x=1352× 2625 × 2625

x=Rs.1250