Question

A sum amounts to Rs. 23,762 in 2 years at 9%p.a, compounded annually. Find the sum

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Answer 1

Answer:

The sum is Rs.4277.16

Step-by-step explanation:

$S.I. = \frac{P * R * T}{100}$

$S.I = \frac{9*23762*2}{100}$

$S.I. = \frac{9*47524}{100}$

$S.I = \frac{427716}{100}$

$S.I = 4277.16$

   

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Answer 2

Step-by-step explanation:

TOPIC:-

ᴄᴏᴍᴘᴏᴜɴᴅ ɪɴᴛᴇʀᴇsᴛ

FORMULA USED:-

$a = p \times (1 + \frac{r}{100} ) {}^{n}$

NEEDED ANSWER:-

ᴀᴍᴏᴜɴᴛ (ᴀ) = ʀs. 23762

ʀᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ (ʀ) = 9%

ᴛɪᴍᴇ (ɴ) = 2 ʏʀs

$a = p \times (1 + \frac{r}{100} ) {}^{n} \\ 23762 = p \: \times (1 \times \frac{9}{100} ) {}^{2} \\ p \: = \frac{23762 \times 100 \times 100}{109 \times 109}$

ᴘ = 20000

ᴛʜᴇ ᴘʀɪɴᴄɪᴘᴀʟ ᴀᴍᴏᴜɴᴛ ɪs ʀs. 20000