Question

A Certain sum of money amounts to R67,600 in 2 year at 4%
Compound interest. Find the Principle.​

Answer 1

Step-by-step explanation:

A=₹67600

R=4%ci

n=2 years

p=?

A=p(1+R/100)^n

67600=p(1+4/100)^2

67600=p(104/100)^2

67600=p57/50×57/50

676=p×57×57/25

676×25/57×57=p