Question

a principal becomes rs 2028 in 2 years at 4 percentage p.a compound interest .find the principal​

Answer 1

Answer:

1875

Step-by-step explanation:

let principal = 100%

E.rate = 2×4+(4^2/100) = 8.16%

108.16% = 2028

100% = 100×2028/108.16 =1875

Or

p [(1+ 4/100)^2 - 1] = 2028

p = 1875