Question

if the compound interest of the rate of 7 1/2 for 2 years is rs 996 , find the principal

Answer 1

Answer:

here is your answer

Step-by-step explanation:

P=Rs.6400,n=2years,R=215%

⇒  A=P(1+100R)n

⇒  A=6400(1+2×10015)2

⇒  A=6400×200215×200215

⇒  A=Rs.7,396

⇒  Compoundinterest=A−P

⇒  CompoundInterest=Rs.7,396−Rs.6,400=Rs.996