if a sum is lent at 5% compound interest per annum for 2 year.what is the ratio of the amount to the principal?
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Answered by
1
Answer:
441 : 400
Step-by-step explanation:
Let the Principal be ₹400.
Rate (R) = 5%
Time (n) = 2 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 400 (1 + 5/100)²
=> A = 400 (21/20) (21/20)
=> A = ₹441
Ratio = 441 : 400
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441:400 is the right answer
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