Question

on what sum of money will compound interest for 2 years at 5 percent per year amount to Rs 164

Answer 1

A=P[1+r/100]^t
164=P[1+5/100]^2
164=P[1+1/20]^2
164=P[102/100]^2
164=P[10404/10000]
P=164*10000/10404
P=148.7