Question

Find the sum which amount to1352 in 2year at 4% compound interest

Answer 1

Answer:

Amount= Rs.1352

Time= 2yrs

Rate=4 percent

Therefore,

The sum or principal=

Let it be k

By the problem-

Principle(1+4/100)(1+4/100)=1352

Or,k(104/100)(104/100)=1352

Or,k=1352×100×100/104×104

Or,k=1250

The sum is Rs.1250