Question

On what some of money will the compound intereast for 2 year at 5 percent per annum amount to768.75

Answer 1

Step-by-step explanation:

We have,

Amount A=Rs768.75

Principal value =?

Rate =r=5%

Time n=2year

So,

Using formula

A=P(1+

100

r

)

n

768.75=P(1+

100

5

)

2

768.75=P(1+

20

1

)

2

768.75=P(

20

21

)

2

P=768.75×

21

20

×

21

20

P=Rs697.2

Hence, this is the answer.