If the amount after 2 years at the rate of 6% per annum compound annually is rupees 12000 find the principal
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Answered by
4
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
Answered by
12
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!!
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