Question

find the sum which year and a compound interest of rupees 240 at 12% per annum in one year​

Answer 1

Q1) On what sum will the compound interest at 5% per annum for 2 years compounded annually be Rs 164?

Solution:

Let the sum be Rs x.

We know that:

CI = A – P

= P(1+R100)n – P

= P[(1+R100)n−1]

164 = x[(1+5100)2−1]

164 = x[(1.05)2−1]

x = 1640.1025

x = 1600

Thus, the required sum is Rs 1600

Answer 2

Step-by-step explanation:

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