Math, asked by mehtalaxmi591, 4 days ago

8. A certain sum amounts to 2,970.25 in two years at 9% per annum compounded annually. Find the sum. ​

Answers

Answered by mayursagare873
1

Answer:

Step-by-step explanation:

Attachments:
Answered by Slaudhs
1

Answer:

The sum is Rs.2500

Step-by-step explanation:

Given : A certain sum amounts to rupees 2970.25 in 2 years at 9% per annum compounded annually.

To find : The sum?

Solution :

Principal (P) = ?

Rate of interest (R) = 9% per annum

Time (n) = 2 years

Amount (A) = Rs. 2970.25

We know that,

A=P(1+

100

r

)

n

=>2970.25=P(1+

100

9

)

2

=>

100

297025

=P(

100

100+9

)

2

=>

100

297025

=P(

100

109

)

2

=>

100

297025

=P×

10000

11881

=>

100

297025

×

11881

10000

=P

=>2500=P

Hence, the Principal (P) [the sum] is Rs. 2500

Similar questions