Question

Kanta invested a sum of money at 10%
per
annum for 2 years which amounted to
* 2880. What will it amount to in 5 years at
15% per annum?
please don't spam and solve in easy formula please I will mark you as brainiliest answer is 4200 I need formula ​

Answer 1

Answer:

Let the sum of money be Rs.P

Here, r=10% per annum and n=2 years

A=Rs.5445

Then

A=P(1+  

100

r

​  

)  

n

 

5445=P(1+  100 10  )  

2

 

5445=P(1.1)  

2

 

P=  

1.21

5445

​  

 

P=Rs.4500

Hence the sum of money is Rs.4500.

Step-by-step explanation:

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