Math, asked by asmarahman1114, 9 months ago

Find the principal when compound interest at the rate of 4 percent p.a for 2 years rs is 102.

Answers

Answered by clearall
0

Answer:

100

Step-by-step explanation:

CI for 2 years =R+R+R×R100

Where R - Rate of Interest

Combined Rate% of CI for 2 years =4+4+4×4100=8.16%

SI for two years

=2×4=8%

According to the question

SI for 2 years

=1028.16×8=Rs.100

Hence, required simple interest = Rs. 100

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