Question

a sum of money invested at compound interest of 8% per annum compounded annually amounted to rupees 7 290 in 2 years find the sum invested​

Answer 1

Answer:

Ans = 6250.

Step-by-step explanation:

Let P be the principal.

As we know that, compound interest is given as-

A=P(1+r/100) raised to n

Here,

A= Amount =7290

P= Principa =P=?

r= Rate of interest =8%

n= Time period =2 years

Therefore,

7290=P(1+ 8/100)raised to 2

P=7290×( 25/27)raised to 2

=6250

Thus the sum invested is Rs.6250.

Hence the correct answer is 6250.