A certain sum amounts to Rs.2970.25 in two years at 9% per annum compounded annually. find the sum .
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A=P(1+r/n)^nt
2970.25=p(1+9/100×1/12)^12×2
2970.25=p(1209/1200)^24
p×1209^24/1200^24
2970.25=p×1.1964
p=2970.25/1.1964
p=2482.656
2970.25=p(1+9/100×1/12)^12×2
2970.25=p(1209/1200)^24
p×1209^24/1200^24
2970.25=p×1.1964
p=2970.25/1.1964
p=2482.656
rahul4613:
No say about answer
ok wait
Ooo
only answer or with steps
????
nt is in power
12×2 is also power
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