Question

If the compound interest at the rate of $7 \frac{1}{2}$ for 2 years is Rs. 996, find the principal.

Answer 1

Step-by-step explanation:

A=P(1+r)^t

CI=A-P

996=A-P

996=P(1+R)^T-P

996=P(1+0.075)^2-P

996+P=P×1.16

996=0.16P

P=6225 approximately

Answer 2

Step-by-step explanation:

p =6.225 αpprσхínαtєlч

hσpє ít hєlps plєαsє mαrk mє αs вrαínlíst

thє rσчαl gírl..♡