Question

A sum amount to Rs 23763 in 2 years at 9% per annum compounded annually find the sum

Answer 1

the answer is correct

Answer 2

✍✍✍. answer. ✍✍✍

$the \: formula \: of \: compound \: interest \: \\ = principle (1 + \frac{rare \: of \: interest}{100} )n \\ = {p(1 + \frac{r}{100}) }^{n} \\ = {23763(1 + \frac{9}{100}) }^{2} \\ = 23763 \times { (\frac{109}{100} )}^{2} \\ = 23763 \times \frac{109}{100} \times \frac{109}{100} \\ = 28232.9$

the answer is 28232.9 ✅✅✅✅✅

✨✨hope it helps✨✨