a principal amounts to rs.12450 in 2 years by compound interest at 10%.find the principal amount
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Answered by
2
Answer:
Given, amount, A = ₹ 12450
time period , n = 2
interest rate , r = 10 % per annum
Let principal is P
use formula, A=P(1+r/100)^n
so, 12450 = P(1 + 10/100)²
=> 12450 = P(110/100)²
=> P = 12450 × 10000/110*110
P = 10289. 25
hence, principal is ₹ 10289.25
Answered by
2
Answer:
Amount=P(1+R/100)to the power T
=12450(1+10/100)²
=12450×110/100×110/100
=1,506,45
CI=1,506,45-12450
=1,494,000
I hope it will help you
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