find the sum of money which become rupees 1323 in 2 years at the compound interest rate of 5% per annum
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Answer:
the sum of money which become rupees 1323 in 2 years at the compound interest rate of 5% per annum
Calculate:
Principal (P)
- Where: P = A / (1 + r/n)^nt
Total P+I (A): $ 1,323.00
Rate (R): % 5
Compound (n): Compounding Annually (1/Yr)
Time (t in years): 2
Answer:
- P = $ 1,200.00
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