Question

A sum of money amounts to 10240 in 2 years at 6 2/3 % per annum, compounded annually.
Find the sum.​

Answer 1

Answer:

Step-by-step explanation:

Answer: Amount=10240 ,

⇒Time=2yrs ,

⇒Rate=20/3 ,

⇒A=P(1+r/100)power time ,

⇒10240=P(1+20/3×1/100)² ,

⇒10240=P(1+1/15)² ,

⇒10240=P(16/15)² ,

⇒10240=256P/225 ,

⇒P=225/256×10240 ,

⇒P=9000.

Hope it helps.

Answer 2

Answer:

Let the sum be x

X(1+20/300)^2=10240

X(1+1/15)^2=10240

X(16/15)^2=10240

256/225x=10240

X=10240×225/256

X=9000

Hope it helps u.........pls marks as brainliest