Question

A certain sum amounts to 2970.25 in 2 years at 9% per anumm for three years compounded anually find the sum

Answer 1

Answer:

The Brainliest Answer! Given Amount = 2970.25, Time n = 2 years, R = 9%. ⇒ P = 2500. Therefore, the sum = 2500.

Answer 2

value of sum is Rs. 2500.

Step-by-step explanation:

Amount = 2970.25

Time = 2 year

Rate of interest = 9%=0.09

The formula for amount:

A=P(1+r)^tA=P(1+r)

t

2970.25=P(1+0.09)^22970.25=P(1+0.09)

2

2970.25=P(1.09)^22970.25=P(1.09)

2

2970.25=1.1881P2970.25=1.1881P

\frac{2970.25}{1.1881}=P

1.1881

2970.25

=P

2500=P2500=P

value is 2500