find the sum which amounts to 1352in 2 years at 4% compound interest
parisakura98pari:
is compounded annually or monthly or half yearly?
Answers
Answered by
55
the sum is rupees 1250
Answered by
4
amount = a =Rs.1352
principal amount = p =?
rate = r = 4/100 =0.04
time = t = 2 years
let compounded annually n =1
a = p(1+r/n) ^nt
1352 = p (1+0.04) ^2
p = 1352 / 1.0816 = Rs.1250
principal amount = p =?
rate = r = 4/100 =0.04
time = t = 2 years
let compounded annually n =1
a = p(1+r/n) ^nt
1352 = p (1+0.04) ^2
p = 1352 / 1.0816 = Rs.1250
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