Question

ᴘʟᴇᴀꜱᴇ ᴀɴꜱᴡᴇʀ.
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a sum of money invested at compound interest of 10 % compound annually amounted to rupees 8470 in 2 years find the invested amount.​

Answer 1

Answer:

7000

Step-by-step explanation:

according to the formula amount = principal ( 1+ rate of Interest/ 100) to the power 2

8470 = p ( 1+ 10/100)^2 Therefore p = 100/121 × 8470 = 7000