Question

On what principal the compound interest for 2 years will be Rs 2091 if the annual rate of interest is 4%​

Answer 1

Step-by-step explanation:

Let the principal be Rs.P

Amount= Rs.2091

rate of interest=4%

Time=2years

Formula :

A= P (1+R/100)^t

2091=P(1+4/100)^2

2091=P(104/100)^2

2091=P(10816/10000)

2091×10000/10816=P

principal =Rs. 1925.23

Answer 2

Step-by-step explanation:

Step-by-step explanation:

Let the principal be Rs.P

Amount= Rs.2091

rate of interest=4%

Time=2years

Formula :

A= P (1+R/100)^t

2091=P(1+4/100)^2

2091=P(104/100)^2

2091=P(10816/10000)

2091×10000/10816=P

principal =Rs. 1925.23