a principle becomes rupees 2028 in 2 years at 4% p.a compound interest. find the principal
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Answered by
3
Answer:
₹1875
Step-by-step explanation:
Amount (A) = ₹2028
Rate (R) = 4%
Time (n) = 2 years
Let the Principal be P.
A = P (1 + R/100)ⁿ
=> 2028 = P (1 + 4/100)²
=> 2028 = P (26/25)²
=> 2028 × 25/26 × 25/26 = P
=> P = ₹1875
Answered by
0
n = 2 years r = rate of interest = 4% p.a Amount A = ₹ 2028 .
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