Question

If the principal increases to 169/144 times its initial value in two years at compound interest, then a principal of Rs. 14,400 loaned for a year at the same interest will amount to :

Answer 1

Thank you for asking this question. Here is your answer:

First of all we will solve this equation:

169P/144 = P(1+(r/100))^2

The r will be 100/12

and p will be 14400

and in order to find CI we will solve this:

14400(1+1/12)

it would be 15600

If there is any confusion please leave a comment below.

Answer 2

Answer:

15600 is ans

Step-by-step explanation:

is the ans

thanks u