Question

Find the sum of money which becomes Rs 14,520 in 2 years at a compound interest rate of 10% per
annum.​

Answer 1

Answer:

2904

as P×R×T ÷ 100 so this is formula of finding money

Answer 2

Answer:

₹ 12000

Step-by-step explanation:

Let the sum of money or principal be x

Time = 2 years

Amount = ₹ 14520

Rate p. a = 10%

ATQ :-

P ( 1 + R/100 ) ^ n = A

x (1 + 1/10 ) ^ 2 = 14520

x (11/10) ^2 = 14520

x ( 121/100 ) = 14520

x = 14520 * 100 /121

x = 120 * 100

x = ₹ 12000