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