Math, asked by ss3666635, 11 months ago

Find the sum which amounts to Rs.40000 in 2 yrs at the rate of 7/2% compounded annually.

Answers

Answered by vanshg28
6

Answer:

193.23

Step-by-step explanation:

Let the sum be p.

=> 40000 = p(1 + 7/200)^2

=> 200 = 207/200 × p

=> p = 40000/207 = 193.23

Therefore, answer is 193.23

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