Math, asked by tirth1013, 1 year ago

A CERTAIN SYM AMOUNTS TO RUPEES 72900 IN 2 YEARS AT 8% PER ANNUM COMPOUND INTEREST , COMPOUNDED ANNUALLY .FIND THE SUM

Answers

Answered by TooFree

4

Answer:

Rs 62500

Step-by-step explanation:

Amount = P(1 + r/100)ⁿ

72900 = P(1 + 0.08)²

72900 = 1.1664P

P = 72900 ÷ 1.1664

P = Rs 62500

Answer: The principal amount is Rs 62500

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