find the sum of money to be invested which will amount to ₹23,328 at 8% per annum in 2 years, compounded annually
Answers
Answered by
5
Answer:
3732.48
Step-by-step explanation:
8/100×2=0.16
23,328×0.16
Answered by
24
Answer:
Rs.20000
Step-by-step explanation:
A=P(1+R/100)^n
23328=P(1+8/100)^2
23328=P(108/100)^2
23328=Px108/100x108/100
23328x100x100/108x108
P=2x100x100
P=Rs.20000
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