Question

Find the principal, which amounts to Rs. 898.88 after 2 years at the rate of 6% p.a. interest compounded annually​

Answer 1

Answer:Sol: Principal = Rs 4000 Time = 4/3 years Rate of interest = 2 paise per rupee per month = 0.02 Rs per rupee per month = Rs 2 per Rs 100 per month = Rs 24 per Rs 100 per year Simple interest = (P x T x R) / 100 = (4000 x 4/3 x 24) / 100 = Rs 1280. Amount = principal + interest = 4000 + 1280 = 5280. Therefore, Amount is Rs 5280

Step-by-step explanation:

Answer 2

Answer:

the answer will be Rs800

Step-by-step explanation:

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