Question

On what sum of money will compound interest for2years at 5 percent per year amount to ₹164?​

Answer 1

Answer:148.75 rupees

Step-by-step explanation:

compound interest formula: p(1+r/100) to the power n

by substituting,

p(1+5/100) squared = 164 rupees

p(21*21/20*20)=164 rupees

p(441/400)  = 164 rupees

p*441 = 164*400

p = 65600/441

p= 148.75 rupees

Answer 2

Answer:

Sum =148.75

Step-by-step explanation:

steps are given in the photo

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