Question

A certain sum amounts to Rs. 7200 in two years at 20% per annum compound interest. compounded annually. Find the sum.

Answer 1

Answer:

P(1+R/100)^T

7200(1+20÷100)^2

7200(120÷100)^2

7200×12÷10×12÷10

10368 is the answer

Answer 2

Answer:

8640

Step-by-step explanation:

Interest=7200×20÷100

=1440

Sum=7200+1440

=8640