Question

Find the sum if the compound interest on a certain sum for 2 years at 10% per annum in
Y:
1050.
​

Answer 1

Answer:

Explaination -

# Given - CI = 1050 Rs. r = 10 % per annum. t = 2 years.

# Solution - Compound interest over sum p is given by formula -

CI = P [(1+r)^t - 1] 1050 = P [(1 + 10/100)^2 - 1] 1050 = P [(1+0.1)^2 - 1] 1050 = P [1.1^2 - 1] 1050 = P [1.21 - 1] ...

P = 5000 Rs. Therefore, sum is 5000 Rs.

Step-by-step explanation:

Hope it helps you

PLEASE MARK AS BRAINLIEST