Math, asked by Aditysingh, 1 year ago

A sum amounts to rs 2,970.25 in 2 years at 9% per annum, compounded annually. Find the sum

Answers

Answered by siddhartharao77
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!
Answered by patel25
21
Answer is in the image
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