Question

Anuradha invested a certain sum of money at the compound interest of 8% per annum compound annually. At the end of 2 years, she received an amount of ₹ 7,290.How much amount did Anuradha invest ?​

Answer 1

Answer:

Let the principal be 'x'

We know,

A=P(1+(R/100))^n

7290=x(1+0.08)^2

7290=x(1.08)^2

7290=1.1664x

x=7290/1.1664

x=6250

Thus, the principal is Rs. 6250

Answer 2

$\: \: \: \: \: \: \: \: \boxed{ \mathfrak{\implies \: Its \: \: \: sivasridhar \: \: ⚠ }}$