Question

A certain sum of money amounts to 7083 in one year at 4% compounded annually.

somebody answer it!
plz​

Answer 1

Step-by-step explanation:

Let P be the principal

Now, Amount = Rs 7803

Time, n = 1 yr = 2 half years

Rate, R = 4% p.a. = 2% per half year

Now, A = P[1 + R100]n

⇒7803 = P[1 + 2100]2⇒7803 = P(5150)(5150)⇒P = Rs 7500

Answer 2

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ANSWER:-

Let P be the principal

Now, Amount = Rs 7803

Time, n = 1 yr = 2 half years

Rate, R = 4% p.a. = 2% per half year

Now, A = P(1 + R100)n

⇒7803 = P(1 + 2100)2

⇒7803 = P(5150)(5150)

⇒P = Rs 7500