Question

a sum of rs. 91 00 is borrowed at 20% per annum compounded annually. if the amount is to be paid in two years the amount will be

Answer 1

P=9100
R=20%
T=2 years
Compounded Annually
A=P(R+1/100)
A=9100(20+1/100)²
9100(21/100)
91×21/100×21/100
91×21×21
40131/100
401.31
this is answer .hope this will help you

Answer 2

Solution :-

P = Rs. 9100

R = 20 %

Time = 2 years

It is compound annually.

A = P*(1 + R/100)ⁿ

⇒ 9100*(1 + 20/100)²

⇒ 9100*120/100*120/100

⇒ 9100*6/5*6/5

⇒ 327600/25

= Rs. 13104

So, amount to be paid in 2 years is Rs. 13104

Answer.