A sum amounts to 1352 in 2 years at 4% compound interest. What is the sum?
Answers
Answered by
10
Answer:
1250
Step-by-step explanation:
Have a look at this
- 1352= P ( 1+ 4/100)^2
- = P ( 1+ 1/25)^2
- = P (26/25)^2》
- = P (676/625)
- P= 1352× 625/676
- = 1250.
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