Find the sum of money invested if Seema receives ₹13,225 after 2 years at a rate of 15% per annum compounded annually.
Answers
Answered by
3
Answer:
Rs. 10,000
Step-by-step explanation:
We know,
A=P(1+
100
RT
)
n
13225=P×(1+
100
15
)
2
13225=P×(1.15)
2
P=10,000 Rs.
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