Question

Find the principal on which the compound interest for 2 years at 8 p.c.p.a. is rupees 41600.​

Answer 1

Answer:

p=si×100/r×t in which the time is for 1 year

then

again let p=si

and again the same process

only once more with 1 year

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Answer 2

Answer:

2,50,000 is the answer of the question