Question

Hello friends,




.what principal will amount to 9768 in 2 years if the rate of interest for the successive years at 10% per annum and 11% per annum respectively​

Answer 1

$a = p(1 + r1 \div 100)(1 + r2 \div 100) = 9768 = p(1 + 10 \div 10)(1 + 11 \div 100) = 9768 = p \times 11 \div 10 \times 111 \div 100 = p = 9768 \times 10 \times 100 \div 11 \times 111 = 800 > p = 800.ans|$