Question

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

Answer 1

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

Step-by-step explanation:

Answer 2

Q. A sum of money amounts to ₹ 10240 in 2 years at 6$\frac{2}{3}$% per annum, compounded annually.  Find the sum.​

Answer:

Amount = ₹ 10240

Step-by-step explanation:

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