Question

a principle becomes rupees 2028 in 2 years at 4% p.a compound interest. find the principal​

Answer 1

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

Answer 2

n = 2 years r = rate of interest = 4% p.a Amount A = ₹ 2028 .