Question

find the principal that will amount to Rs 2196 in 4 years at 11/2% p.a​

Answer 1

Answer:

Step-by-step explanation:

Amount = Rs 2196/-

Time = 4 years

Rate, r = 0.055 Per annum

Let principle be P

A=P(1+r)^tA=P(1+r)

t

2196=P(1+0.055)^42196=P(1+0.055)

4

P=\dfrac{2196}{(1+0.055)^4}P=

(1+0.055)

4

2196

P=1772.65P=1772.65

Answer 2

Answer:

principle is 1772.65

Step-by-step explanation:

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