find the sum of money which amount to 96000 rupees after 2 years if the rate of interest is 7% B.Ed compounded annually
Answers
Answered by
1
96000×2×7÷100
960×14
it is simple interest
960×14
it is simple interest
Answered by
1
Hii friend here is your answer
Let the sum be Rs P
Amount =Rs96000
Time=2years
Rate of interest =7%
P(1+R/100)^n=Amount
P(1+7/100)^2=96000
107/100*107*100*P=96000
P=96000*107/100*107/100=Rs83850.11
Hence the principal is Rs83850.11
plzz mark it as brainliest
Let the sum be Rs P
Amount =Rs96000
Time=2years
Rate of interest =7%
P(1+R/100)^n=Amount
P(1+7/100)^2=96000
107/100*107*100*P=96000
P=96000*107/100*107/100=Rs83850.11
Hence the principal is Rs83850.11
plzz mark it as brainliest
nilay21:
ok
Similar questions