A sum becomes 1352 rs. in 2years at 4% annum compound interest. the sum is
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Let the sum be Rs x.
Given
Amount (A) = Rs 1352
time (n) = 2 years
Rate of interest (r) = 4%
sum(P) =?
A = P (1 + r/100)^n
1352 = P (1 + 4/100)²
1352 = P (1 + 1/25)²
1352 = P (26/25)²
1352 = P (676/625)
P = 1352 * 625/676
P = Rs 1250.
The sum is Rs 1250.
Hope this helps you.
Given
Amount (A) = Rs 1352
time (n) = 2 years
Rate of interest (r) = 4%
sum(P) =?
A = P (1 + r/100)^n
1352 = P (1 + 4/100)²
1352 = P (1 + 1/25)²
1352 = P (26/25)²
1352 = P (676/625)
P = 1352 * 625/676
P = Rs 1250.
The sum is Rs 1250.
Hope this helps you.
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