Question

If the compound interest on a certain sum for 2 years at 10/ per cent annum is ₹ 1050, the sum is

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

Ur answer is ₹5000

Explanation:

A= P(1+r/n)^nt

where A=P + C.I

P is principle amount , C.I is compound interest, r is rate of interest, n is no. of times interest is compounded, t is time period.

P+C.I= P(1+0.1)^2

P+1050=P(1.21)

1050=.21P

P=5000Rs.