Math, asked by Anonymous, 11 months ago

A certain sum of amounts to 2,790.25 in two years at 9% per annum compounded annually. find the sum.
pls do step by step.

Answers

Answered by Anonymous

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Answer:

The sum of money is ₹ 2348.50

Explanation:

It is stated that,

Amount(A) = 2,790.25

Rate of interest(R) = 9%

Time(n) = 2 years

The money compounds annually.

Let, the principal be, 'P'.

We know that,

A = P(1+R/100)ⁿ

∴ According to the problem,

2790.25 = P(1+9/100)²

⇒ 2790.25 = P{(100+9)/100}²

⇒ 2790.25×100×100 = P× 109× 109

⇒ 2348.497 = P

⇒ 2348.50 = P

⇒ P = 2348.50

∴ The sum of money is ₹ 2348.50.

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Answered by pratikroy7801

Answer:

Amount= p(1+r/100)×n

2970.25= p(1+9/100) ×2

"""""" = p(109/100)×2

2970.25÷100 ×100/109×100/9=

principal

rs 2500= principal .

Hope it hepls u

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