Question

A sum of money invested at compound interest of 8 %PA compounded annually amounted to Rs 7290 in 2 years. find the sum invested ​

Answer 1

Answer:

Answer is 6250

Step-by-step explanation:

amount = P(1+r/100)^n

7290=P(1+8/100) ^2

7290=P(1+2/25) ^2

P=7290×25×25/27×27

P=6250