Question

7. A principal amounts to R13924 in 2 years by compound interest at 18 p.c.p.a. Find the principal.​

Answer 1

Answer:

This is your question's answer

Answer 2

Answer:

Step-by-step explanation:

Given, amount, A = ₹ 13924

time period , n = 2

interest rate , r = 18 % per annum

Let principal is P

use formula,  

so, 13924 = P(1 + 18/100)²

=> 13924 = P(118/100)²

=> P = 13924 × 10000/118 × 118

P = 10,000

hence, principal is ₹ 10, 000

this formula used