A sum of money amount to Rs.1088 at the rate of 9% p.a for 4 year's .what is the principal?
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Answer:
771.048
Step-by-step explanation:
Fst of all,
Amount = 1088
rate = 9%
time = 4 yr
- 1088 = P (1+9/100)^4
- 1088 = P (109/100)^4
- 1088 = P ( 1.411) approx
- P = 1088/1.411
- P = 771.084.
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