A sum amounts to rs 2,970.25 in 2 years at 9% per annum, compounded annually. Find the sum
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Answered by
43
Given A = 2970.25, R = 9% P.A, n = 2 years.
We know that A = P(1+r/100)^n
2970.25 = P(1+9/100)^2
2970.25 = P(109/100)^2
2970.25 = P * 109/100 * 109/100
P = 297025 * 100 * 100/100 * 109 * 109
= 2500.
The sum = 2500 rupees.
Hope this helps!
We know that A = P(1+r/100)^n
2970.25 = P(1+9/100)^2
2970.25 = P(109/100)^2
2970.25 = P * 109/100 * 109/100
P = 297025 * 100 * 100/100 * 109 * 109
= 2500.
The sum = 2500 rupees.
Hope this helps!
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21
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