A certain sum amount to rupees 1296 in 4 years at 20% per annum compound interest compounded annually calculate the sum
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Answered by
2
1st method
amount=p×r×t/100
1296=p×20×4
1296/80=p
2nd
amount=p(1+r/100)^n
amount=p×r×t/100
1296=p×20×4
1296/80=p
2nd
amount=p(1+r/100)^n
Answered by
5
Answer:
Step-by-step explanation:
1296 = P(1+20/100)^4
1296 = P(6/5)^4
1296 = 1296/625P
P = 625
1296+625 = 1921
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