Question

Find the sum that amount to rs 3025 at 10% pa for 2 years, if the interest is compounded annually

Answer 1

A is 3025

R is 10 percent

T is 2 years

SO;

3025 EQUALS P (1+R/100)

3025 EQUALS P 1+10/100

3025 EQUALS P( 11/10)(11/10)

3025*10*10/11*11

ANS IS 2500