Question

Find the Principal if the amount at the end of 2 years at 10% compound interest is Rs 9680

Answer 1

Answer:

Rs.8000

Step-by-step explanation:

Let the Principal be P.

Rate (R) = 10%

Time (n) = 2 years

Amount (A) = Rs.9680

A = P (1 + R/100)ⁿ

=> 9680 = P (1 + 10/100)²

=> 9680 = P (11/10) (11/10)

=> P = 9680 × 100/121

=> P = Rs.8000

Answer 2

₹8000 is the right answer

hope it helps you