Question

Mathematics zor Class o
2
16. A sum of money amounts to 10240 in 2 years at 6% per annum, compounded annually,
3
Find the sum​

Answer 1

Answer:

₹9113.563

Step-by-step explanation:

amount= ₹ 10,240

time= 2 years

rate = 6%

formula

= Amount = principle × [ 1 + rate÷ 100) ^ time

so, let the principal be x

10240= X × ( 1 + 6÷100)^ 2

10240= X× (1 + 3/50)^2

10240= X × ( 53/50)^2

10240= X× 2809/2500

10240×2500/2809 = X

9,113.56355= X

so the sum is ₹ 9113.563