Question

A certain sum of money invested at Compound interest, compounded annually, amounts to ₹ 338 at the rate of 4% per annum for  years. Find the sum.

ans 312.50​

Answer 1

Answer:

312.53 is the answer of the question

Answer 2

The sum=Rs 312.50

Step-by-step explanation:

Amount=A=Rs 338

Rate of interest=r=4%

Time=n=2 years

We know that

Amount=$P(1+\frac{r}{100})^n$

Using the formula

$338=P(1+\frac{4}{100})^2$

$338=P(\frac{104}{100})^2$

$P=\frac{338\times (100)^2}{(104)^2}$

P=Rs 312.50

Hence, the sum=Rs 312.50

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https://brainly.in/question/13362181 Answered by Amoghshetty