Question

A certain sum amounts to ₹2970.25 in two years at 9%per annum cupounded annually .find the sum

Answer 1

let the sum be P
=》A=P (1+R/100)^n
=》2970.25=P (1+9/100)^2
2970.25=P×109/100×109/100
P=2970.25×100×100/109×109
P=2500