A sum of money invested at compound interest rate of 5%p.a amounts to
Rs.2646 in two years. Find the sum.
Answers
Answered by
0
Answer:
2646 = P × (1+5/100)^2
2646 = P × 441/400
2646 × 400 = 441 × P
1058400 ÷ 441 = P
P = 2400 ( sum of money )
Similar questions
English,
2 months ago
Social Sciences,
3 months ago
Math,
3 months ago
India Languages,
11 months ago