A sum of money amounts to rs 10240 in 2 years at 6 2/3 per annum,compoumded annually.find the sum
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Principal 10240
Time 2year
Rate6 2/3=20/3
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Answered by
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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:
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