Question

If the amount after 2 years at the rate of 6% per annum compound annually is rupees 12000 find the principal​

Answer 1

Step-by-step explanation:

let principle value=x

so simple intrest =principle*rate*time/100

so as SI=12000*2=24000

24000=X*2*6/100

X=24000*25/3

=75000

Answer 2

A= P(1+R/100)^T

12000=P(1+6/100)^2

12000= P(106/100)

12000=P(11236/10000)

12000X10000/11236=P

P=10679.9573

Hope this will help you!!