Question

2. Find the sum which amounts to 3 1352 in 2 years at 4% compound interest.
​

Answer 1

Step-by-step explanation:

Answer

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+

100

r

)

t

1352=x(1+

100

4

)

2

1352=x(1+

25

1

)

2

1352=x(

25

26

)

2

⇒x=1352×

26

25

×

26

25

x=Rs.1250

Answer 2

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