Question

After 2 years the @ 4.8 % per annum compounded annually the amount is rupees 125000 find the initial amount

Answer 1

Answer:

113843.35

Step-by-step explanation:

we have,

CI= P(1 + R/100) raised to no. of years

•    ⇒125000= P(1+4.8/100)∧2
• ⇒125000= P(100+4.8/100)∧2
• ⇒125000=P(104.8/100)∧2
• ⇒P=125000/1.098
• =113843.35