Question

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

Answer 1

Answer:

2500

Step-by-step explanation:

p=?

r=9%

t=2yrs

A=2970.25

p(1+r/100)^2 =2970.25

p(1+9/100)^2=297025/100

p(109/100)^2= 297025/100

p(11881/10000)=297025/100

p=297025/100×10000/11881

p=2500

HOPE IT HELPS