Question

a certain sum amounts to rupees 2970. 25 in 2 years at 9% per annum compounded annually find the sum

Answer 1

here is your answer

hope its help you

Answer 2

Answer:

The amount of the sum is Rs 3528.95 .

Step-by-step explanation:

Formula

$Amount = Principle(1 + \frac{Rate}{100})^{Time}$

As given

a certain sum amounts to Rupees 2970. 25 in 2 years at 9% per annum.

Principle =  Rs2970. 25

Time = 2 years

Rate = 9%

Put in the above

$Amount = 2970.25(1 + \frac{9}{100})^{2}$

$Amount = 2970.25(1 + 0.09)^{2}$

$Amount = 2970.25(1.09)^{2}$

$Amount = 2970.25\times 1.1881\ (Approx)$

Amount = Rs 3528.95

Therefore the amount of the sum is Rs 3528.95 .