Question

a sum of money deposited at 6% per annum compounded annually becomes Rupees 28090 at the end of 2 years find sum deposited

Answer 1

Answer:12.36%

Step-by-step explanation:Let n be the sum in question. Then:

28090=n x (1 +.06)²

= 1.1236 n

n=Rs 25000 original amount

Interest=28090–25000=Rs3090 total interest

The interest is 12.36%, after 2 year

Answer 2

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