Question

A sum of money amounts to 1024 rupees 2 years at 20 percent per annum,compounded annually. Find the sum.​

Answer 1

Answer:

A = 10240

P = P

R = 20/3

T = 2

A = P( 1 + r/100)n

10240 = P( 1 + 20/3 * 1/100)2

10240 =P( 16 / 15 * 16/15

10240 = 256P/225

P = 10240 * 225/256

P = 9000

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