Question

6. What sum will amount to 23600 at 9% per annum at the end of 2 years? please say if you want to help me
​

Answer 1

Answer:

27848

Step-by-step explanation:

Explanation in the pic.

Hope it help you❤❤

Answer 2

GIVEN,

amount= 23600, rate= 9%, time= 2years.

TO FIND,

principal amount

SOLUTION,

we know that the amount is 23600,

the formula for SI is,

$SI= \frac{P*R*T}{100}$

here, P= principal, R= rate, T= number of years,

let us now substitute the values given to us,

SI= $\frac{P*9*2}{100}$

now we know that,

AMOUNT = PRINCIPAL + SI

substituting,

23600= P+ $\frac{18}{100}P$

P($\frac{118}{100}$) = 23600

P= $\frac{23600*100}{118}$

hence,

P= 20000

HENCE THE PRINCIPAL IS 20000 WHICH AMOUNTS TO 23600 IN 2 YEARS AT A RATE OF 9% P.A.