Question

9. Find the principal when :
(i) final amount is 4500 at 20% per annum for 5 years
1
.
(ii) final amount is 2420 at 4% per annum for 23 years.​

Answer 1

Answer:

The formula is I=p×R×T÷100

4500×20×5÷100

So the ans =4500

ii) 2420×4×23÷100

Ans=2226.4