Question

A principal amount to Rs 13924 in 2 years by compound intrest at 18 p.a.p.c Find the principle​

Answer 1

principle will be 10000 Rs

Answer 2

Answer:

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Here, P = Principal

A = ₹ 13924

R = 18 %

N = 2 years

⇒ A = P × (1+R100)N

⇒ 13924 = P × (1+18/100)²

⇒ 13924 = P × (1+9/50)²

⇒ 13924 = P × (59/50)²

⇒ P = 13924 × 50 × 50/59×59

⇒ P=10000

Hence, the principal is ₹ 10000.