Question

A sum of money amounts to 5832 in 2 years at 8 % per annum compounded annually. Find the sum.​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer:

let the p (principal) be x so

according to question :-

A = p(1+r/100)^n

5832 = p(1+8/100)^2

5832 = p(108/100)^2

5832 = p * 108 /100 *108/100

5832*10000/108*108 = p

5000 = p

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