Question

A sum of money amounts to 125000 and invested for 2 years at the rate of 4.8 % per annum compounded annually find the original sum of money

Answer 1

Answer:

given -

sum=125000/-

time=2 years

rate=4.8%

Step-by-step explanation:

so a/q

p × r × t

= ------------

100

= 125000 × 2 × 4.8

_____________

100

= 1200000÷100

= 12000

therefore original sum of the money

=12000/-

Answer 2

Answer:

Hence , the sum is 1,13,811.84

Step-by-step explanation:

Given:

Amount = 1,25,000

Time = 2 yrs

Rate of interest = 4.8 %

$Amt = p(1+i)^n$

$1,25,000=p(1 + 0.048)^2$

$1,25,000 = 1.098304p$

$p = \frac{1,25,000}{1.098304}$

P = 1,13,811.84

Hence , the sum is 1,13,811.84