Question

on what sum of money will be compound interest for 2 years at 5% per annum amount to ₹768.45​

Answer 1

☆Hello friend☆

Amount = Principal (1+ r/100)^n

Rs 768.75 = P(1 +5/100)^2

Rs 768.75 = P(105/100)^2

Rs 768.75 ×100/105 × 100/105 = P

Rs 697.2 = Principal