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
4
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.
Answered by
2
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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