Question

If the amount after 2 year at the rate of 6% per annum compounded annullay is 12000 find the principal

Answer 1

Answer:

time=2 yr

rate=6% annum compound=12000

we know that

annum compound%3principal(1+R/100)^t 12000=principal(1+6/100)^2

12000=principal(106*106)/(100*100) princpial=12000(100*100)/(106*106)

=10679.96