Question

A bank for 2 years. At the end of first year, he withdrew Rs. 500. How much does he get from the bank at the end of the second year interest paid at a rate of 25/3 percent per annum compounded annually.
?? ​

Answer 1

Step-by-step explanation:

here,

interest = 500

rate=25/3

time=1 year

so, principal = p= interest×100÷ rate ×time

p=500×100÷25/3×1

p=6000