Question

A sum amounts to rs.4410 in 2 years at the rate of 5% p.A. If interest was compounded yearly then what was the principal?

Answer 1

Please mark as brainliest

We know that Compound Interest = p(1+r/100)^n-1

But here the Amount is given so we'll use A=p(1+r/100)^n

Now by formula,

4410 = p(1+5/100)^2

4410 = p(1+0.05)^2

4410 = p(1.05)^2

4410 = p(1.1025)

4410/1.1025 = p

4000 = p

So the principle is Rs. 4000 answer.

Hope this'll help you ......

Answer 2

Answer:

the above mention answer is correct